PORT of Brisbane has announced the principal contractors for its $150m Brisbane International Container Terminal at Luggage Point, with construction slated to commence in the coming months.

Brisbane-based Brady Marine & Civil is to build the wharf and Hindmarsh will be responsible for the civil works and terminal building.

Construction is due for completion next year, ready for the 2020 cruising season.

Minister for state development, manufacturing and infrastructure Cameron Dick welcomed the announcement and said the government had worked closely with Port of Brisbane throughout the process.

“The Port of Brisbane’s $158m Brisbane International Cruise Terminal signals bright horizons for the cruising industry in Queensland,” he said.

“It is expected to contribute $1.3bn in net expenditure into the Brisbane economy alone over the coming two decades. An estimated 245 jobs will be supported during each year of construction, while an additional 49 jobs will be supported each year over the next 20 years.”

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Port of Brisbane CEO Roy Cummins said the tender process had attracted a high-quality field, but ultimately the successful contractors provided the right mix of expertise, capabilities and value for money for the project.

“Both Brady Marine & Civil and Hindmarsh are highly regarded in their fields,” he said.

“Importantly, both have strong track records for innovation and project delivery, together with the proven experience and capabilities required to help us deliver this world-class cruise facility.

“With the start of major construction of the Brisbane International Cruise Terminal now imminent, we look forward to sharing the progress and milestones with the community as the new facility begins to take shape.”

Mr Cummins said early preparation for the wharf had already begun, with ABFI Steel Group (a local Brisbane-based company) undertaking the task of manufacturing 105 piles, up to 45 metres long, needed to support the wharf.

Piling is expected to commence soon, with wharf construction to follow.

Relocation of approximately 85,000 cubic metres of surcharge (clean sand) is currently underway. Hindmarsh will begin to prepare the site for construction in March, with works commencing in April.