A new CityCat terminal is due to be built at the US$100 million Howard Smith Wharves in what will become Brisbane’s 26th passenger terminal.
The new US$12 million facility will serve CityCat ferries and will be co-funded by Brisbane City Council and Howard Smith Wharves Consortium.
The council is expected to spend US$9 million while Howard Smith Wharves is due to contribute US$3 million.
While the majority of the terminals in the port city were built by the council, a joint funding arrangement was carried out for the recent building of the terminal at Milton.
As the only way the new terminals would be constructed, deputy mayor Adrian Schrinner ruled out joint funding agreements with private developers, but said it kept costs down.
The new terminal is scheduled to be open in 2020.