Wiggins Island Coal Export Terminal (WICET) brings together some of the most experienced bulk commodity ports industry users and operators under one banner.
Stage One of the consortium includes eight owners:
The industry-owned and privately funded delivery model is a first for Queensland and will be owned directly by its industry users rather than third party investors. This will facilitate timely development of important coal transport infrastructure, without the need for government funding.
The Terminal is being financed entirely by the WICET consortium ensuring the Terminal can meet its owners’ requirements. Terminal handling charges will be on a cost recovery basis to assist the competitiveness of the Queensland coal export industry.