TOLL NAILS DOWN DAMPIER SUPPLY BASE BUY
Summary: Toll has successfully finalised its acquisition of the Dampier Supply Base.....
Former owner MMA Offshore gains $44 million in the transaction that was announced in February, now that Toll has the required Australian Competition and Consumer Commission (ACCC) and Foreign Investment Review Board (FIRB) approvals.
Toll MD Michael Byrne says that the finalisation of the purchase marked a new era for supporting the operations of oil and gas and mining participants in the region.
"This purchase adds to Toll’s already world-class assets supporting the oil and gas sector," Byrne says.
"It becomes part of an integrated network that provides seamless freight capabilities from origin to destination, covering freight forwarding, customs clearance and domestic transportation, storage and operations support."
The wharf has six operational berths and one roll on, roll off facility. Its berths have the capacity to accommodate vessels up to 130 meters.
The world-class wharf facilities and infrastructure of the Dampier Supply Base will service not only the oil and gas industry but also the wider resources sector.
"Having Toll’s national and international capabilities as part of the Dampier Supply Base offering will give customers an opportunity to expand their current operations and explore new opportunities in partnership with an integrated supply chain solution provider," Byrne says.