Port of Geelong growth

Economic Development Pillar

THE OPPORTUNITY

The Port of Geelong, commercially operated by GeelongPort, is an economic linchpin in the G21 region as the largest bulk cargo port and regional port in Victoria.

The port has grown across 150 years, was privatised in 1996, and has 15 berths across Corio Quay and Lascelles Wharf precincts.

GeelongPort manages its wharf and landside infrastructure and the Victorian Regional Channels Authority is responsible for channel management and commercial navigation of commercial water.

The port’s major customers include Viva Energy, Midway Limited, Incitec Pivot and Boral.

Primary cargo includes petroleum products, bitumen, Avgas, fertiliser, woodchips, phosphate rock, timber, steel and paper. A majority of shipping movements relate to transfer of bulk liquids from the nearby Viva Energy refinery.

The Port of Geelong manages approximately 25 per cent of Victoria’s total trade – including 50 per cent of the state’s fuel supply, with more than 600 vessel visits a year generating $7 billion for the economy and 1,400 jobs.

GeelongPort has also reached an agreement with TT-Line Company to relocate the Victorian port home of the Spirit of Tasmania vessels, from Station Pier to Corio Quay.

The project is expected to generate up to 75 construction jobs over the two-year build program, whilst increasing tourism expenditure in the G21 region by up to $174.1 million by 2029.

It is an important investment that will increase freight and exports as well as jobs and tourism not only in the G21 region, but also in Victoria more broadly.

GeelongPort expects significant additional growth during the next 15 years, further strengthening the port’s economic importance to the G21 region, state and nation.

PROJECT AIM

Strengthening critical road, rail and channel links, constructing essential infrastructure and protecting the availability of suitable adjoining land for port activities and related industries are essential to the port’s growth.

Road: Efficient movement of freight requires good connections to broader road networks and areas linking port-related use. The Port of Geelong’s key road connections are to Geelong Ring Road but for it to remain competitive in the future the connections between the port and priority road infrastructure must be improved.

Rail: Use of rail requires sufficient volumes of commodities, and connections to the port’s infrastructure. Projected doubling of total tonnage through the port, with potential for introduction of new bulk commodities magnifies need for accompanying rail network improvements.

Channel: The existing shipping channel depth restricts vessels to loaded drafts between 10.8 and 11.9 metres and maximum width of 45 beam. It does not allow access for fully-laden Panamax bulk carriers, a competitive disadvantage. Improving channel capacity will unlock supply chain benefits to current users and improve the viability of future trade options.

Infrastructure: A dedicated, large scale passenger and freight terminal is required to allow the Spirit of Tasmania to dock required. The new 12-hectare facility will include a passenger vehicle marshalling area, passenger vehicle check in, security facilities, public amenities, crew accommodation, a cafe, children’s play area and a pet exercise area.

Land: Future trade growth at the port requires availability of suitable land for port activities and related industries. To ensure further development, land use zoning in the port area of interest needs to be compatible with port-related industry.  Industrial-zoned land serves as a buffer. Existing planning protections are in place but must be maintained and potentially strengthened to secure the future of the port.

PROJECT CHAMPION

Brett Winter, Chief Executive Officer, GeelongPort.

BENEFITS FOR VICTORIA & THE REGION

The Port of Geelong is the premier bulk and second-largest port in Victoria.

Each year GeelongPort manages more than 11 million tonnes of cargo, including 50 per cent of Victoria’s fuel supply. The tonnage equates to about 25 per cent of Victoria’s total trade, generating $7 billion for the Victorian economy and providing 1,400 jobs.

With strengthening of road, rail and channel freight links GeelongPort forecasts by 2035 being able to process 18 million tonnes of cargo a year, contributing $11 billion of trade to the state and regional economy, with provision of 3,100 jobs.

The relocation of the Spirit of Tasmania vessels to GeelongPort’s Corio Quay is expected to generate up to 75 construction jobs over the two-year build program, whilst increasing tourism expenditure in the greater Geelong region by up to $174.1 million by 2029.

WHAT IS REQUIRED

A State Government commitment of:

  • $25 million to duplicate Bacchus Marsh Road between Geelong Ring Road and Princes Highway. This will connect the Geelong Ring Road Employment Precinct to the Geelong Port
  • $6 million to upgrade four intersections along Shell Parade, which will improve road access for heavy traffic to the Port of Geelong.

Essential infrastructure to support an increase in incoming and outgoing traffic caused by the Spirit of Tasmania home port relocation (commencing 2022).

Continued support in strengthening road, rail and channel links and protecting adjoining land, essential to the port’s growth.

A commitment by State and Federal governments to embed GROW training, employment and procurement principles in all government projects within the region.