CHI - New customer contract to upgrade Marsden Point

Channel Infrastructure announces that it has entered into a new seven-year contract with its customers regarding an upgrade to Channel’s Marsden Point infrastructure that will enable transmix to be stored at Marsden Point and exported (with two five-year rights of renewal, exercisable by customers on the same terms, or otherwise extendable on terms as agreed by customers and Channel). The upgrade will involve incremental growth capital expenditure across 2024 of $12-15 million in FY24 and is expected to generate incremental revenue of approximately $3 million per annum, indexed to PPI.

Revenues from the new contract are anticipated to commence in late Q4 2024.

- ENDS -

•  New Customer Contract - Transmix

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

BNP Paribas accredited as Derivatives Market Maker
GXH - Response to media report
April 14th Morning Report
SML - Synlait responds to The a2 Milk Company announcement
KPG - Annual meeting date, closing date for director nominations
April 13th Morning Report
CVT - Update on banking facilities
April 9th Morning Report
April 8th Morning Report
ATM - In principle agreement to settle shareholder class action