DALRYMPLE Bay Infrastructure has announced it will design and construct a new ship loader and reclaimer for its coal terminal in Queensland.
The company’s wholly owned subsidiary Dalrymple Bay Infrastructure Management is to proceed with plans for the new machinery under its non-expansionary capital expenditure (NECAP) program at Dalrymple Bay Terminal.
The new ship loader and reclaimer will replace existing machinery at the terminal.
The projected costs of the projects are around $165 million and $116 million, respectively.
DBI managing director and CEO Anthony Timbrell said the NECAP program would ensure terminal capacity remains available.
“To ensure that the Dalrymple Bay Terminal continues to accommodate metallurgical coal exports from the Bowen Basin for use in steel production that will enable the world’s transition to a low carbon future, DBI will focus on its investment in the pipeline of NECAP projects required at DBT over the coming years,” he said.
DBI expects the projects to be funded through a combination of existing debt capacity and internal funds from operations.
Design and construction are scheduled to commence this year and take around three or four years to complete.
