Government establishes National Intermodal Corporation

The federal government has established the National Intermodal Corporation (NIC) to support the delivery and operation of intermodal terminals as part of its $14.5 billion Inland Rail project.

It announced it would expand the Sydney-based Moorebank Intermodal Company’s mandate to turn it into the NIC and build intermodal terminals in Melbourne and Brisbane.

“National Intermodal’s task is to create an interconnected network of terminals that provide fair and equal access for all above-rail operators,” Erin Flaherty, Chair of the Moorebank Intermodal Company says.

“We will work closely with industry to increase the movement of freight by rail as it provides a cost effective and more sustainable transport mode for many customers,” he adds.

“National Intermodal will work with the federal, state and local governments, the Australian Rail Track Corporation, above-rail operators and industry to ensure commercially sustainable, fit-for-purpose terminals are delivered.”

The federal government says its significant investments in the terminals will improve “freight outcomes” and “productivity” as well as increase competition in the sector by ensuring open-access arrangements across the network.

It also says by having NIC as an investment entity for planning, delivery, and oversight of the new intermodal terminals, it will involve an integrated approach to Australia’s freight network. The project will also help with supply chain connectivity.

Melbourne’s and Brisbane’s intermodal terminals will further support the federal government’s significant investment in the Inland Rail project, which will create more than 21,500 jobs when the buildings are near completion.

This will potentially provide more than an $18 billion boost to GDP during construction and over the first 50 years of operation.

NIC will have an expanded role in the Moorebank Logistics Park’s Interstate Rail Terminal following the $1.67 billion sale of Qube’s warehousing and property components to the LOGOS Property Group Consortium announced in December 2021.

“The success of National Intermodal will be measured by our ability, working together with governments and industry, to ensure nationally significant world-class rail infrastructure is designed and built, enhancing rail’s competitiveness and capturing an increasing share of the interstate freight market,” James Baulderstone, CEO of the Moorebank Intermodal Company says.

“We are excited to assist the government to create a suite of nationally integrated state-of-the-art intermodal terminals to ensure movement of rail freight across state boundaries can occur in a seamless and highly efficient manner,” he adds.

“Together with our current and future industry partners, we will bring together a wealth of practical insight, proven success and a clear development model to make these essential national infrastructure projects a reality.”

For more information on the Moorebank Intermodal Company, click here.

 

 

 

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