Stolthaven Terminals said: “We welcome the announcement by the Australian Federal Government confirming the success of our Newcastle terminal in the Boosting Australia’s Diesel Storage Programme (BADSP) tender process.”

It added: “We are pleased to be able to support the government’s commitment to improving fuel security through investment in additional infrastructure. We will now work with the Department to develop and deliver against a Grant Agreement.”

The Australian government is investing up to A$260 million to expand Australia’s diesel storage capacity as part of its commitment to boost long-term fuel security, create jobs and keep prices low.

Through the Boosting Australia’s Diesel Storage Programme, the government is backing ten projects across Australia that will support around 1,000 new jobs and a 40 percent increase in Australia’s diesel stockholdings.

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19th July 2021