The YES consortium led by Asciano Limited (ASX:AIO) has been chosen to design, build and operate a new iron ore export facility in Esperance in Western Australia.
Transport Minister Dean Nalder made the announcement yesterday; with the expansion of the multi use export facility set to almost double the port’s capacity from 11 million to 20 million tonnes per annum.
GWR Group Limited
(ASX:GWR) also welcomed the announcement, and the potential for access to a deep water port to export its iron ore.
Asciano reported a net profit of $189.7 million in the first half of the 2014 financial year.
