Ports America and Sydney Harbour Investment Partners finalise Novaporte terminal deal
US-based terminal operator Ports America has entered into a deal with Sydney Harbour Investment Partners (SHIP) to promote, develop and manage the proposed deep-water container facility, Novaporte, in the Port of Sydney, Nova Scotia, Canada.
SHIP is currently involved in the development of around 500ac of area in the Port of Sydney.
The firm, along with Ports America and a development group, is planning to build a semi-automated, deep-water marine container terminal that can handle vessels of more than 18,000 twenty-foot equivalent units (TEU).
Construction of the terminal is expected to be completed within around two years of initiation of the project.
As part of the newly signed deal, Ports America will use its business development and growth strategies to market the Novaporte terminal as a Ports America-managed facility.
The company will aim to attract new customer and investor relationships.
Ports America, which will manage and operate the terminal for 40 years, will also offer its advice on the operational configuration of the terminal to maximise efficiency.
The company will provide various other services, including full stevedore and terminal labour management, terminal operating systems, as well as maintenance and repair.
Ports America chief strategy officer Peter Ford said: “Novaporte is a uniquely located deep water port able to handle the largest of the next generation of ultra-large container vessels.
“Geographically, it is the first stop for vessels on the Great Circle Route from Europe and Asia via the Suez. It has abundant land, an adjacent 1,200ac logistics park and is located in a foreign trade zone.
“Add to that abundant power, road and rail, as well as a skilled work force, and you have the makings of an East Coast gateway for the next generation of super ships."
The Port of Sydney currently accommodates shipping routes to and from North America, Europe and Asia.