FACING forthcoming reinvestment decisions TasPorts is launching an independent strategic review of the future ownership and operating model of Burnie’s woodchip export facility.
The review of the Burnie Chip Export Terminal will determine which ownership and operating model is best placed to support BCET’s long-term future, while delivering the greatest public value for Tasmania, TasPorts says.
CEO Captain Allan Gray said the review reflected responsible stewardship of a strategically important piece of Tasmania’s export infrastructure.
“BCET is a critical export gateway for Tasmania’s forestry industry and regional economy, and ensuring its long-term future is our priority,” he said. “As the terminal enters a significant reinvestment cycle, it’s appropriate that we assess which ownership and operating model is best placed to support its next chapter.”
Captain Gray said reviewing ownership and operating models for specialised cargo handling facilities was common practice across Australia’s ports sector.
“Across Australia, specialised cargo handling facilities are commonly owned or operated by industry participants, specialist terminal operators or joint ventures, while port authorities continue to own and manage the port, provide marine services and invest in the core infrastructure that supports trade.
“TasPorts already operates under similar commercial arrangements across parts of our port network. This review will determine whether a similar approach could deliver the best long-term outcome for BCET and Tasmania.”
Capt Gray said the review would also consider whether alternative ownership or operating models could attract long-term investment into BCET, while enabling TasPorts to continue prioritising investment in the wharves, marine assets and core infrastructure that support trade across the state.
“TasPorts has an important responsibility to ensure capital is invested where it delivers the greatest long-term benefit for Tasmania,” he said.
“If there’s a model that enables continued investment in BCET while allowing TasPorts to further strengthen the infrastructure that supports all trade across our port network, it’s appropriate that we assess that objectively.”
An independent financial adviser will be appointed to assess a range of ownership and operating models. Subject to that advice, TasPorts may also undertake an open market process to test market interest and capability.
Options considered will include continued TasPorts ownership, a joint venture or partnership, and alternative ownership structures.
BCET will continue operating as normal throughout the review.
Existing Facilities Management Agreements with Forico and Sustainable Timber Tasmania remain in place, and any future ownership or operating model would be expected to protect operational continuity, customer access and existing contractual commitments.
Captain Gray said TasPorts was committed to an open and transparent process.
“We will undertake an evidence-based review, engage openly with employees, customers, government and industry, and determine the model that delivers the greatest long-term public value for Tasmania.”
The review will start in January 2027 and is expected to be complete by July 2027.