Sugar Terminals Limited (NSX:SUG) announces that it has signed a new 3-year agreement with five of its customers with effect from 1 July 2022. The terms of this new storage and handling agreement will apply to all STL customers who utilise STL s services from 1 July 2022.
Two experienced businesses have been confirmed as the major contractors to build the Common User Infrastructure at the Port of Bundaberg, which will support the development of new export-focused industries in the region.
Regarding Sugar Terminals Limited s (NSX:SUG) performance and activities for the first half of FY22, I wish to provide a further update in relation to the development of a new Storage and Handing Agreement (SHA) with our six customers.
New infrastructure worth more than $20 million will be built at the Port of Bundaberg as part of a joint project involving the Federal Government, Gladstone Ports Corporation Ltd and Sugar Terminals Limited (NSX:SUG) to support the development of new export-focused industries in the region.