Australian State Targets A$6.2 Billion Coal Port Expansion
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Australia’s Queensland state has invited companies to bid for the right to develop as many as four additional terminals at the Abbot Point coal port that may cost A$6.2 billion ($6.6 billion).
The construction, combined with other expansion plans, will make Abbot Point one of the world’s largest coal ports, Premier Anna Bligh said today in a statement. It will have seven terminals and capacity of about 300 million metric tons a year, she said.