Hutchison Port Holdings to Operate Enfield Intermodal Logistics Centre

News Release Hutchison Port Holdings (HPH) August 5, 2011

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV>
(2 August 2011 –
<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags"
/><st1:City w:st="on">Sydney</st1:City>, <st1:country-region
w:st="on">Australia</st1:country-region> and <st1:place w:st="on">Hong
Kong</st1:place>) The NSW Government announced today that Hutchison Port Holdings (HPH)
has been appointed operator of the Enfield Intermodal Logistics Centre (ILC),
which is located 18 kilometres from Port Botany.<?xml:namespace prefix = o ns =
"urn:schemas-microsoft-com:office:office" /><o:p></o:p>
 Sydney Ports Corporation Chairman, Bryan Smith
said that the appointment of HPH, which is also the operator of the new third
container terminal at Port Botany, was a major milestone in the intermodal
project.<o:p></o:p>
<o:p> </o:p>
“In terms of logistics and efficiency, it is only
natural for a port terminal operator to also operate a key inland facility of
this kind—and HPH has the international experience and expertise to do so,” Mr
Smith said.<o:p></o:p>
<o:p> </o:p>
He said that the ILC would be a key element in a
network of facilities across <st1:PersonName w:st="on"><st1:City
w:st="on"><st1:place w:st="on">Sydney</st1:place></st1:City></st1:PersonName>
that will provide a more efficient means to transfer containers by train to and
from Port Botany, and to allow the efficient repositioning by rail of empty
containers for export from regional and rural NSW.<o:p></o:p>
<o:p> </o:p>
<st1:PersonName w:st="on">Raymond Law</st1:PersonName>,
Managing Director, Australasia and <st1:PersonName w:st="on"><st1:place w:st="on">North
Asia</st1:place></st1:PersonName> of HPH, said, "We are proud to be appointed operator of this
new Inland Logistics Centre. HPH has extensive experience operating intermodal
centres and services across Asia and <st1:PersonName w:st="on"><st1:place
w:st="on">Europe</st1:place></st1:PersonName>, including inland container depots
and dedicated rail lines. We are confident that the ILC will play an important
role in facilitating the expanding operations of Port
Botany.”<o:p></o:p>
<o:p> </o:p>
Speaking of the role that rail will play in the new
ILC, Mr Smith said, “The NSW Government is focused on increasing the rail modal
share to and from Port Botany. A network of intermodal centres of which
<st1:PersonName w:st="on"><st1:City w:st="on"><st1:place
w:st="on">Enfield</st1:place></st1:City></st1:PersonName> is a major component,
is crucial to achieving this goal. This new facility is expected to achieve up
to 300,000 Twenty Foot Equivalent Units (TEU) of port related throughput by rail
once fully operational.”<o:p></o:p>
<o:p> </o:p>
Mr Law added, “HPH supports the government’s plan to
move more containers via rail, which is set to become an increasingly important
mode of cargo transportation in <st1:PersonName w:st="on"><st1:City
w:st="on"><st1:place
w:st="on">Sydney</st1:place></st1:City></st1:PersonName>.”<o:p></o:p>
<o:p> </o:p>
There are other benefits of using rail as well. Mr Smith pointed out,
“Sydney Ports Corporation estimates that the Enfield ILC will reduce truck
movements to and from Port Botany by up to 300 movements per day, resulting in
an easing of road congestion and a reduction in carbon emissions. By co-locating
pack/unpack warehouses on the site will also internalise over 30,000 truck
movements per annum. The Enfield ILC will cut carbon dioxide emissions by 1,000
tonnes per annum and reduce the number of kilometres travelled by truck by
6,500,000.<o:p></o:p>
<o:p> </o:p>
The ILC would provide open access facilities close
to the catchment of metropolitan import and export businesses and provide much
needed empty container storage capacity for <st1:place w:st="on"><st1:City
w:st="on">Sydney</st1:City></st1:place>.” 
<o:p></o:p>
<o:p> </o:p>
 “According to the 2005 Environmental
Assessment a total of 370 direct and 470 indirect jobs will result during
construction and 500 direct and 350 indirect jobs during operation,” he
said.<o:p></o:p>
<o:p> </o:p>
<o:p> </o:p></DIV></BODY></HTML>