Arcadis' work on Moorebank Logistics Park helps Qube receive $150M in funding from Clean Energy Finance Corporation
(Thomson Reuters ONE) -
Amsterdam, Netherlands, July 20, 2017 - Arcadis (EURONEXT: ARCAD), the leading
global design and consultancy firm for natural and built assets, today welcomed
the Clean Energy Finance Corporation's (CEFC) $150 million investment in Qube
Holdings Limited's development of the Moorebank Logistics Park at Moorebank,
NSW, Australia.
Arcadis provided freight logistic and sustainability advisory services. The
intermodal terminal is expected to cut freight truck emissions by more than
110,000 tCO2e per year, the equivalent of burning 25,000 tonnes of coal.
Qube Holdings Limited is developing the Moorebank Logistics Park to take
emissions-intensive trucks off Australian roads and increase the use of rail
networks to distribute containerized freight to and from Port Botany. The
project will also incorporate large-scale renewable energy sources.
John Nicholson, Project Director Australia Pacific, Arcadis: "We are very proud
to have provided freight logistics and carbon abatement modelling to help our
client Qube secure $150 million in funding. The Moorebank Logistics Park is a
significant milestone in Australia's emission reduction history. Replacing heavy
road transport with freight rail will not only significantly reduce emissions
but also reduce road congestion and make our streets safer to drive. Arcadis is
in the business of improving Australia's cities, and projects like this help us
shape a sustainable future by redefining what is possible when you approach old
problems in new ways."
Claire Hodgson, Sustainability Lead Australia Pacific, Arcadis: "This is an
incredibly unique opportunity to reshape what sustainability can mean in the
transport sector. The net greenhouse gas emissions produced by not building this
facility are higher than building it, which is staggering considering the size
of Moorebank Logistics Park. The modelling and analysis behind quantifying
freight vehicle kilometers and greenhouse gas (GHG) savings was incredibly
complex. Modeling and understanding how freight is currently distributed across
the southern Sydney region really highlighted how much more efficient rail
transportation will be. Quantifying the energy use for the operation of
Moorebank Logistics Park enabled us to identify a number of opportunities to
further reduce GHG emission; most notably through the inclusion of onsite
renewable energy."
CEFC's funds will be provided to Qube through a new 7-year bilateral term debt
facility.
The financing provided by the CEFC will enable Qube to implement a number of
sustainability initiatives. When the Moorebank Logistics Park is at full
capacity by 2030, these initiatives will potentially:
· Reduce container truck travel on Sydney's road network by approx. 150,000
kilometers per day (56 million per annum saving 73,000 tCO2-e of emissions)
· Reduce long distance interstate freight truck travel by approx. 93,000
kilometers per day (34 million kilometers per annum saving 41,000 tCO2e
emissions)
· Deliver net annual carbon emissions savings equivalent to: removing 11,000
vehicles off the road for a full year or burning 25,000 tonnes of coal
· Generate 65 million kwh/year from renewable energy sources installed on-site
capable of powering over 10,000 homes
The Moorebank Logistics Park is expected to deliver significant job creation
with the precinct employing as many as 6,800 people when operating at full
capacity and over 1,300 jobs to be created during the construction phases.
-End -
FOR FURTHER INFORMATION PLEASE CONTACT:
ARCADIS INVESTOR RELATIONS
Jurgen Pullens
Telephone: +31 20 2011083
Mobile: +31 6 51599483
E-mail: jurgen.pullens(at)arcadis.com
ARCADIS CORPORATE COMMUNICATIONS
Joost Slooten
Mobile: +31 6 27061880
E-mail: joost.slooten(at)arcadis.com
ABOUT ARCADIS
Arcadis is the leading global Design & Consultancy firm for natural and built
assets. Applying our deep market sector insights and collective design,
consultancy, engineering, project and management services we work in partnership
with our clients to deliver exceptional and sustainable outcomes throughout the
lifecycle of their natural and built assets. We are 27,000 people, active in
over 70 countries that generate ?3.3 billion in revenues. We support UN-Habitat
with knowledge and expertise to improve the quality of life in rapidly growing
cities around the world. www.arcadis.com
Arcadis? work on Moorebank Logistics Park helps Qube :
http://hugin.info/132839/R/2121368/808327.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Arcadis N.V. via GlobeNewswire
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