A new CityCat terminal will be built at the $100 million Howard Smith Wharves development in what will bet Brisbane’s 26th terminal.
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The $12 million terminal will be jointly funded by Brisbane City Council and the Howard Smith Wharves Consortium.
The council will spend $9 million while Howard Smith Wharves will contribute $3 million.
While a majority of the city’s terminals were built solely by the council, a joint funding arrangement was also carried out for the recent construction of the terminal at Milton.
Deputy mayor Adrian Schrinner ruled out joint funding agreements with private developers as the only way new terminals would be built but said it kept costs down.
“We’re obviously keen when private entities want to invest money into our public transport system ... it reduces the cost to ratepayers,” he said.
“We’re open to future terminals that are contributed to by private interests.”
The terminal is expected to be open in 2020.
Howard Smith Wharves will be a staged opening with the first stage to open to the public on Tuesday.
