Two new intermodal terminals are proposed to be built in Melbourne to provide an efficient freight interface with the Inland Rail Freight Corridor at its southern end, and accommodate double-stacked 1,800-metre freight trains.
The Beveridge Interstate Freight Terminal (BIFT) will be owned by the Federal-Government owned National Intermodal Corporation.
The BIFT will be supported by a road connections package, which includes the Cameron’s Lane Interchange.
Key Dates
| Mar 2022 | Project Announcement |
| Dec 2029 | Expected Construction Completion |
Financing
| Equity Finance: | National Intermodal Corporation |
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The 2022-23 Federal Budget committed $1.2 billion in equity to the BIFT project through the National Intermodal Corporation. |
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Procurement
| Procuring Agency: | National Intermodal Corporation |
PROJECT HISTORY
| Jul 2018 | The 2018 to 2050 Victorian Freight Plan: Delivering the Goods identified Western Interstate Freight Terminal (WIFT) at Truganina and Beveridge Interstate Freight Terminal (BIFT) as locations for potential future interstate freight terminals. The document further stated that the Victorian Government believed the WIFT should be developed first, and would align with the planned completion of Inland Rail Freight Corridor. |
| May 2021 | The 2021-22 Federal Budget committed $2 billion as a contingent allocation for a Melbourne intermodal terminal, with the option for the money being delivered as an ‘equity investment’. |
| Mar 2022 | The 2022-23 Federal Budget committed $3.1 billion for the Melbourne Intermodal Terminal Package over four years, including $1.9 billion in equity to be delivered through the National Intermodal Corporation, and $1.2 billion in funding. $1.2 billion was committed in equity for the BIFT project, while $740 million was committed in equity for the WIFT project. |
| Jun 2023 | National Intermodal completed a transaction to secure a 1,100 hectare site for the development of the Beveridge Terminal. The site is surrounded by a 500 hectare environmental buffer. National Intermodal also announced plans to establish a preliminary terminal available in 2025, with final completion of the terminal in 2029. |
Estimated Total Cost
(2022)
Sector
Rail
Procurement approach
Unconfirmed |
Location
Victoria |
Resources
