The port of Newcastle announced that the Australian government withdrew the $12.7 million funding for the new cruise terminal project. The funding was firstly announced in 2016 aiming on the expansion of the cruise industry in the Hunter.
The port in its statement commented
While disappointed construction of the terminal facility cannot proceed at this time, we respect that funding is no longer available
The port noted that they are pleased that $800,000 of upgrades resulted to mooring bollards, jointly funded by the NSW Government and the Australian Government, and have enabled larger ships of up to 3,900 passengers to berth in Newcastle.
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The port’s consultations with the cruise industry have been beneficial in better understanding its needs and ensuring that the design of any future infrastructure will be well-informed by industry.
We’re pleased that AUD 800,000 of upgrades to mooring bollards, jointly funded by the NSW Government and the Australian Government, have enabled larger ships of up to 3,900 passengers to berth in Newcastle
… the port highlighted.