Giant container island plan for Port Phillip Bay to boost port sale value

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While the third container terminal in Melbourne, Australia’s largest container port, is currently being developed by Filipino port operator ICTSI and scheduled to go-live at the end of 2016, it appears that Victoria’s government has drawn up ambitious plans for the next phase of the port’s expansion, according to documents leaked to The Age. The port authority is on the verge of completing a A$6bn privatisation, and it is claimed that if the island is built, it would pretty much cover Melbourne’s capacity needs for most of the rest of this century.