Port of Melbourne has announced MEDLOG as the major tenant for the redevelopment of the Former Melbourne Market site, marking a significant milestone in the transformation of the precinct into an integrated port-connected freight facility.
The development is underpinned by approximately AU$ 500 million in private sector investment and is facilitated by the Allan Government’s decision to activate the land through a lease to Port of Melbourne extending to 2066.
The redeveloped site will serve a range of port-related functions including rail freight and intermodal activities for import and export containers, freight logistics and storage, empty container storage and a heavy vehicle facility.
By bringing freight operations closer to the port, the development is expected to reduce truck traffic in surrounding areas, improve road safety and enhance the efficiency of Victoria’s broader supply chain network.
Minister for Ports and Freight Melissa Horne described the project as a means of keeping goods moving while relieving pressure on local streets, delivering benefits for communities, the freight industry and businesses across the state.
Giuseppe Prudente, Chairman of MEDLOG SA, framed the investment as consistent with the company’s long-term strategy of developing resilient, port-connected infrastructure that supports both global trade and local economic activity.
He described the partnership with Port of Melbourne as a natural alignment of world-class port capability with integrated inland logistics, designed to move cargo more efficiently from vessel to end customer.
