The $400 million Melbourne Intermodal Terminal (MIT), backed by Aware Super, commenced freight train operations in November. The terminal sits at the Somerton logistics precinct in Melbourne’s north.
The MIT forms a key part of the broader $1.6 billion Melbourne Intermodal & Industrial Exchange (MIIX), developed by Aware Real Estate and Barings.
The MIT sits about 20 kilometres by rail from the Port of Melbourne. It connects directly to the Hume Freeway and both Victorian and interstate rail networks. Around 20 per cent of Victoria’s containerised freight and 3.5 million square metres of warehousing sit within close proximity.
At full development, the MIT will handle up to one million TEUs annually. Plans allocate around 650,000 TEUs for interstate freight and 350,000 TEUs for port shuttle services.