Leading freight and logistics company Qube Holdings Limited is developing the nationally-significant Moorebank Logistics Park to take emissions-intensive trucks off Australian roads by increasing the use of rail networks to distribute containerised freight to and from Port Botany.
The Moorebank project will switch the movement of 1.55 million freight containers at Port Botany from road to rail, with an estimated annual abatement of more than 110,000 tCO₂e in transport-related emissions.
The switch to rail transport, when operating at scale, will cut an estimated 3,000 truck journeys a day from Sydney's road network, particularly the M5. It will also reduce the number of regular Sydney-Brisbane and Sydney-Melbourne truck freight trips.
By 2030, the intermodal facility at Moorebank Logistics Park is expected to:
The Moorebank Logistics Park is being developed across 243 hectares in south-western Sydney, taking advantage of its location near the Southern Sydney Freight Line, M5 and M7 motorways and in an area of rapid population and economic growth.
Despite its massive scale - operating across a site the size of Sydney's CBD - the freight and energy efficiencies delivered via the Moorebank Logistics Park are expected to result in net emission reductions totalling more than 2 million tonnes of CO2-e over a 40-year period.
This net reduction takes into account construction emissions, embodied energy within building materials, offsite transportation, operational emissions and savings from the onsite use of renewable energy. It does not factor in inevitable advances in technology over that 40-year period.
The project is expected to deliver significant job creation with the precinct employing as many as 6,800 people when operating at full capacity and over 1,300 jobs to be created during the construction phases.
The CEFC's finance for Moorebank Logistics Park is the first investment in clean energy transport infrastructure for the CEFC. It is committing up to $150 million through a seven-year bilateral term debt facility to assist in providing medium-term finance for the staged construction of the terminal.
The finance is another example of the CEFC's focus on clean energy solutions for Australian cities, as part of its Sustainable Cities Investment Program.