Carnival Australia and Port of Brisbane finalise revised commercial agreement.
Carnival Australia and the Port of Brisbane have just confirmed a new commercial agreement which will see the new Brisbane International Cruise Terminal at Luggage Point operating by mid-2020.
Sture Myrmell, president of Carnival Australia, said “the terminal will be a major piece of national infrastructure and the single most important investment in cruise tourism in Queensland in 12 years.
“This project creates the opportunity for Queensland and its many regional ports to become the nation’s powerhouse for the cruise industry’s continued growth at a time when industry figures show infrastructure constraints around Australia are slowing momentum,” he said.
The amended deal follows the ACCC’s conditional approval of the project last month, with Carnival Australia committing to purchase a maximum of 100 ‘foundation’ berthing days of no more than four in any week for 15 years to underwrite the construction. In return, Carnival Australia receives priority berthing rights at the terminal.
“This decision means Port of Brisbane will now get on with the job of building the terminal, which is a key plank of Queensland’s tourism growth story,” said Port of Brisbane ceo Roy Cummins.
More details in today’s Travel Daily and Cruise Weekly tomorrow.