Western Australia announces major investment in port improvements
Posted on May 20, 2024 |
Western Australia plans to invest $246 million from its 2024-2025 budget to improve port infrastructure.
A new $500 million Key Industries Fund will develop land for industrial use and support infrastructure in 13 strategic industrial areas (SIAs) for mineral processing and green hydrogen production.
This fund complements the industrial leasing incentive program introduced in late 2023.
A $200 million allocation is designated for a new Critical Minerals Advanced Processing Common User Facility, contingent on Commonwealth shared financing.
$324 million is earmarked for energy transition efforts, focusing on long-term planning and transmission infrastructure purchases.
An additional $148 million will enhance common-use power network infrastructure in the North West Interconnected System.
A $373 million investment in ports includes upgrades to Fremantle, Kwinana, and Esperance ports, construction of a new freight wharf in Dampier, and roadworks at Utah Point in Port Hedland.
Renovations to regional airstrips will receive $29.3 million, with $21.3 million specifically allocated for Eucla, Carnarvon, Onslow, Albany, and East Kimberley, and $8 million for an Aboriginal Community Airstrip Renewal Programme.