The Australian government has withdrawn funding for the new cruise terminal project at the Port of Newcastle, NSW, according to local reports.
“Infrastructure NSW has advised that the Au$12.7 mill funding for the cruise terminal project is no longer available,” the Port said in a statement to local media.
The funding for the new multi-purpose cruise terminal in Newcastle Harbour was first announced in 2016 to enable a significant expansion of the cruise industry in the Hunter Valley region.
Since then, the Port has been working on this project on behalf of the government on the basis of providing a facility that meets the cruise industry’s needs while remaining within the funding provided.
“While disappointed construction of the terminal facility cannot proceed at this time, we respect that funding is no longer available,” the port added.
This funding was in addition to the Au$800,000 provided for the upgrade of mooring bollards for the facility at the existing channel berth near Dyke Point.
“We’re pleased that Au$800,000 of upgrades to mooring bollards, jointly funded by the NSW Government and the Australian Government, has enabled larger ships of up to 3,900 passengers to berth in Newcastle,” the port added.