Tasmania's woodchip export terminal could be sold or restructured
TasPorts will hire a financial adviser to review the Burnie Chip Export Terminal's ownership options.
TasPorts will hire an independent financial adviser. The adviser will review how the Burnie Chip Export Terminal is owned and run.
The company is looking at several options, including the state keeping ownership, a joint venture, a partnership, or other ownership structures. TasPorts may also run an open market process.
This will test if private companies are interested. The terminal will keep operating normally during the review.
TasPorts wants to find the best model for the facility. The best model will help it do well long-term.
It will also deliver the most value to Tasmania. Chief executive Allan Gray said reviewing ownership models for specialised cargo-handling facilities is common practice.
This happens across Australia. The review begins in January.
It is expected to finish by July.
- Burnie Chip Export Terminal
- Facility name
- TasPorts, state-owned ports company
- Owner
- January to July
- Review timeline
- Allan Gray
- Chief executive
Why it mattersThe way the terminal is run matters for Tasmania. It will shape how much the state can export. It will affect how competitive Tasmania is in forestry.
AustraliaThis decision directly affects Tasmania's forestry sector and the regional economy of Burnie, one of the state's major industrial centres.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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