The Western Australian Government's state budget for 2024-25 prioritizes infrastructure for future development, allocating A$373 million to port projects in Western Australia.
The Western Australian Government's 2024-25 state budget includes A$373 million in new funding for Western Australia's port projects.
Additional funding will be allocated to a range of key maintenance and upgrade projects to ensure all of the state’s major ports between Broome and Esperance provide continued capacity to meet the projected increase in imports and exports. .
New projects funded in the 2024-25 state budget include:
- A$117 million for major reconstruction and upgrades of berths and moorings in Fremantle, Kwinana and Esperance.
- A$101 million contribution to a major new cargo wharf project at Dampier Port.
- AUD 84 million to maintain capital activities across all ports.
- A$17 million for major roadworks at Utah Point, Port Hedland Port.
- A$16 million to reline bulk export warehouses in Geraldton and Bunbury.
- AUD 14 million in funding for the industry-supported Seafarer Center in Port Hedland.
- A$8 million for historic renovation of Albany's historic harbor building.
- A$6 million for infrastructure to support the designation of a first point of entry at the Port of Broome.
- A$5 million to upgrade the B Shed to improve the visitor experience and further revitalize the Victoria Quay precinct.and
- A$4 million for plans for proposed new facilities in Esperance and Albany.
All Washington state port authorities are 100% owned by the state and operated as government trading agencies.
All of these investment projects aim to ensure continued support for local employment and regional economic development.
Western Australia's Ports Minister David Michael said: “As a geographically isolated state, Western Australia's entire economy depends on efficient port infrastructure and associated land transport connections to support critical import and export supply chains. ” These latest investments in all ports demonstrate the Cook Government's commitment to the infrastructure needed to sustain supply chains for critical industrial and agricultural inputs, as well as export industries. ”
“All of these projects are investments in WA's economic infrastructure and will support existing as well as new trade. The funding in the 2024-25 Budget will support the state's future growth potential. It's a great sign of trust,” Michael added.
Western Australia exported A$263.5 billion of goods in the year to December 2023, with most of those goods passing through the state's ports.
The state's ports were also important in receiving the bulk of the A$48.8 billion worth of goods imported in the same 12-month period.
Read just one of our articles for free
To read more, subscribe to WorldCargo News
When you subscribe, you'll receive the following benefits:
- access to All regular and exclusive content
- discount About selected events
- Full access to everything digital archive
- 10 times a year digital magazine
Subscribe or log in if you're already a member
Having trouble logging in? Call +31(0)10 280 1000 or email customerdesk@worldcargonews.com.
