Big Law

Intermodal Terminal Company advised on $400m project

Aware Super-owned investment platform Intermodal Terminal Company (ITC) has been advised on its plans to build and operate a $400 million intermodal terminal in Somerton, Melbourne.

February 20, 2023 • By Jerome Doraisamy

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Firm: Ashurst (Intermodal Terminal Company)

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Deal: Ashurst advised Intermodal Terminal Company, an investment platform targeting the acquisition, construction and operation of an independent network of intermodal terminals, on its plans to build and operate a $400 million intermodal terminal in Somerton, which is set to be completed in 2025 and will be Australia’s largest intermodal terminal.

Area: Projects

Value: $400 million

Key players: The Ashurst team was led by partner Alex Guy, who was supported by partners Nigel Deed and Arthur Chong, counsel Rebecca Hall and senior associate Eloise Moore.

Deal significance: Speaking about the matter, Mr Guy said: “We are delighted to have worked with the ITC and Aware Super teams to help deliver this exciting project.

“The project is expected to take 500,000 truck trips off Melbourne’s roads, saving 451 million litres of fuel and reducing carbon emissions by 189,000 tonnes per year.”

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Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it.

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