South Australia’s first farmer and private equity partnership port will be built at Lucky Bay.
The port will provide an alternative grain storage and export option which will be fully operational for the 2018-19 grain harvest.
Funding for the $115 million port infrastructure and supply chain development project was finalised last week, which involved securing $96 million in private investor equity.
On-ground work is due to commence immediately with 120 EP grain growers indicating their support for the project.
Key features of the development will include a state-of-the-art shallow draft transhipment vessel with a 3500-tonne capacity and grain storage capacity to hold 430,000 tonnes.
T-Ports Chairman Rob Chapman said that grain growers are expected to save from $5-$20 per tonne in transporting grain from farm to port, depending on their proximity to Lucky Bay.