What is MIC's role?
Moorebank Intermodal Company (MIC) will invest around $370 million in the precinct development, which will earn a low-risk return. MIC will also contribute land to the freight precinct, which will be leased to SIMTA.
MIC will oversee development of the Moorebank intermodal freight precinct to make sure SIMTA delivers the core components of the precinct infrastructure to the required standards.
During operations, MIC's main role will be to monitor SIMTA's compliance with its open access obligations. These obligations require the IMEX and interstate terminals to be operated on a non-discriminatory basis so they can be used by any transport operator to provide freight transport service.