ACCC approves Brisbane port pact

ACCC approves Brisbane port pact

THE Australian Competition and Consumer Commission this morning granted authorisation for an agreement between the Port of Brisbane and Carnival Australia for the development of a new $158m cruise terminal.

The deal will see Carnival pay a fixed annual amount to the Port for 15 years, in return for preferential berthing rights which give Carnival first pick of 100 days at the terminal each year, up to a maximum of four days a week.

The ACCC’s Roger Featherston said the Commission recognised the deal helped underwrite the projected investment by the Port.

“Brisbane has no dedicated ‘mega’ cruise ship terminal, and the construction of this terminal is expected to increase tourism and deliver a real benefit to the community,” he said.

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Source: traveldaily