Patrick Terminals extends Port of Fremantle lease and invests in Inner Harbour
Last Updated: 16th February 2021
Patrick is pleased to announce an initial 10 year extension of lease tenure at Fremantle’s Inner Harbour, with potential tenure of up to 21 years. The arrangements secure Patrick’s long standing market leading position at Fremantle Port.
Patrick has committed $50 million to deliver new equipment and systems, terminal capacity and direct rail interface. These upgrades will be delivered rapidly to benefit Western Australians, with more efficient movement of cargo and promoting modal shift to rail.
Patrick has agreed a set profile for the Landside Charge to 2024. This balances Patrick’s investment commitment and Fremantle Ports’ agreement to provide Patrick with certainty of property costs across the period.
Patrick is committed to working with Fremantle Ports, port users and community stakeholders to optimise the life of the Inner Harbour so that future port capacity is developed in line with market demand.
We look forward to continuing to offer a superior service to meet the needs of our customers and Western Australian trade.