Queensland premier Anna Bligh has announced a massive $6.2 billion upgrade of the Abbot Point coal terminal.
Bligh said that four additional coal terminal would be constructed, providing an extra yearly capacity of 120 million tonnes.
"Queensland has the richest coal deposits in the world with the Bowen and Galilee Basins and this upgrade will help us meet world demand for our coal," Bligh said.
"These expansions will further cement Queensland as the world’s largest exporter of coal and are critical to the economy and wealth of Queensland.”
The port recently saw its first coal load from its newest berth.
Combined with other port expansions, this latest development would make Abbot Point one of the world’s largest coal ports, boasting seven terminals and a capacity of almost 300 million tonnes annually.
Main roads minister Craig Wallace said that North Queensland Bulk Ports Corporation Limited (NQBP) is seeking proponents interested in developing the additional coal terminal infrastructure at Abbot Point.
Additional early studies are being carried out to further increase coal export facilities at the port.