DBI to proceed with AU$280 million in Major NECAP Projects

Dalrymple Bay Infrastructure Limited (ASX: DBI)  announces that its wholly owned subsidiary, Dalrymple Bay Infrastructure Management Pty Ltd (DBIM), will proceed with the design and construction of a new Shiploader (SL1A) and a new reclaimer (RL4) to replace existing machinery, under its Non-Expansionary Capital expenditure (NECAP) program at Dalrymple Bay Terminal.

It will take approximately three to four years to complete both  SL1A, which is expected to cost AU$165 million, and RL4, expected to cost around AU$116 million, which will commence in 2023. The projects will be funded through existing debt capacity and internal funds from operations.

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