Port Augusta in Australia will continue commercial shipping after 50 years, as CU-River now owns the former power station site. CU-River plans to turn the site into a bulk commodity and a transhippment port facility.
The works will begin after the feasibility and approvals are complete. The facility will have an initial capacity up to 15 million tonnes per annum. However, future export potential will surpass 50 million tonnes per annum.
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The $250 million port facility will be able of handling iron ore, grain and other commodities. Barges will be loaded at the port then sail into Spencer Gulf’s deeper water to unload onto larger, cape-sized vessels, with a capacity of about 175,000 tonnes.
CU-River expects to start operations within two years, aiming to see a return of commercial shipping to Port Augusta for the first time in around 50 years. The infrastructure at the site includes a 5km rail loop and unloading systems.
The port will be a multi-user facility, providing Spencer Gulf and far-north industry with more export opportunities. Because of the significant size of the site there is considerable scope for the land to be developed furthermore for various commercial uses.
The sale of the site will be finalised in early April 2019, once remediation is complete.
