Jul 9, 2013

Moorebank Intermodal Company CEO appointed

Deputy Prime Minister and Minister for Infrastructure and Transport, Anthony Albanese, and Minister for Finance and Deregulation, Senator Penny Wong, have today announced the appointment of Ian Hunt as the new Chief Executive Officer of the Moorebank Intermodal Company following an international executive search.

“Mr Hunt brings 30 years of infrastructure experience to the Moorebank project, having worked on a diverse range of projects including public private partnerships to deliver a major urban motorway and rail rolling stock,” Mr Albanese said.

“Mr Hunt brings to the Company broad skills across engineering, financing and management. These skills will be invaluable in delivering a project that is so important to the future of Sydney and to the Australian economy.”

The Moorebank Intermodal Company was established in December last year to engage and oversee the private sector development of the Moorebank Intermodal Terminal, a nationally significant infrastructure project which will help boost Australia’s productivity.

Senator Wong said Mr Hunt will work closely with the Moorebank Intermodal Company Board, led by Dr Kerry Schott, to facilitate the private sector development of the Terminal.

“As CEO, Mr Hunt will play an important role in leveraging private sector expertise and investment.”

“One of his central tasks will be to oversee the formal procurement process that will identify private companies to develop and operate the Terminal.”

Once up and running, it’s forecast that the Terminal could remove 1.2 million trucks from Sydney’s roads each year – equivalent to 3,300 trucks per day.

In addition, the Terminal will generate around $10 billion in economic benefits through increased productivity, reduced freight costs, reduced traffic congestion and better environmental outcomes.

Dr Schott thanked Lucio Di Bartolomeo who has served as interim CEO over the past six months.

“Under Mr Di Bartolomeo’s leadership, the Company has swiftly built momentum,” Dr Schott said.

The formal procurement process is expected to commence in August 2013, with construction of the Intermodal Terminal planned to commence in mid-2015. It will open for business in 2017.