Channel Infrastructure signs 15-year deal with Higgins Contractors

Channel Infrastructure has announced a 15-year contract with Higgins Contractors to develop a bitumen import terminal at Marsden Point.

The contract, which is expected to generate approximately $45 million in revenue, will commence in the second half of 2026.

It will require growth capital expenditure of $17-21m and will result in incremental operating expenses of $200,000 per year.

The bitumen terminal will include jetty linework, storage facilities, and a truck loading facility.

Channel Infrastructure said the deal with Higgins, a subsidiary of Fletcher Building, will help diversify its customer base and expand its product handling capabilities.