The Port Authority of New South Wales is seeking market engagement regarding the potential third Sydney cruise terminal.
The market engagement process is part of the first phase of a Detailed Business Case, which will be developed by the Port Authority of New South Wales in collaboration with NSW Treasury.
This follows the development of a Strategic Business Case that assessed the high-level viability of the options.
The project will consider and assess options for an additional terminal at Yarra Bay or Molineux Point near Port Botany, following the Commonwealth Government ruling out Garden Island as an option.
Detailed technical studies of the potential terminal will consider the social and economic benefits, traffic and transport impacts, costs, heritage and environmental impacts, including recreational fishing, at both potential sites.
Cruises are Australia’s fastest-growing tourism sector and addressing Sydney’s cruise capacity is critical to ensure New South Wales’ position as Australia’s top cruise destination.
The cruise industry creates $2.75 billion for the New South Wales economy each year, supports around 10,000 jobs and creates around $800 million in wages.
The importance of this project is recognised at a state and national level, as well as by the cruise and wider tourism industry.