The recent Covid pandemic and associated constraints in global and domestic supply chains, and the related cost of living crisis, have placed a spotlight on the need for Australia to enhance the productivity and cost efficiency of its freight and logistics networks, operations and facilities.In a boost to both the Victorian and national supply chains, the Intermodal Terminal Company (ITC), backed by Aware Super, is investing $400 million to deliver a state-of-the-art intermodal terminal and IMEX facility in the heart of Melbourne’s northern industrial zone.
Aware Real Estate, in partnership with global asset management firm Barings, is also investing $600 million to develop a major integrated industrial and logistics precinct to surround ITC’s terminal. In doing so, for the first time in Victoria, it will give tenants the benefits of co-location.In total, this equates to a $1 billion privately-funded investment in the Victorian freight and logistics sector – one of the largest in recent history.
nner Terminal features 15 hectares of hardstand and six rail sidings to provide ITC customers with the flexibility to transfer freight between Victorian and ARTC rail networks. Images: ITCKicking goalsITC Chair and industry leader John Fullerton said the intermodal terminal being constructed in Melbourne’s north is progressing well, with interstate intermodal and IMEX (port shuttle) operations due to commence in late 2025.Fullerton said intermodal terminals play a critical role in the efficient consolidation, storage and transfer of freight between rail, road and shipping, resulting in improved productivity and cost efficiency for customers in the supply chain.“Intermodal terminal capacity that’s located where the freight is can reduce traffic congestion and road damage and improve road safety, while offering customers cost efficiency and reduced emissions,” he said.The ITC intermodal terminal will be open to all third-party customers – including above-rail freight operators, freight forwarders, and regional shippers – in accordance with a best practice open access regime.Fullerton said this is a great example of the private sector directly responding to industry and government needs in a timely and efficient manner.“Better still, this major development for both the Victorian and national supply chains is being undertaken at no cost to either state or federal taxpayers,” he said.