Bligh said each developer would be provided half of the available stockyard area, which totals approximately 380 hectares for development at Dudgeon Point.

“The successful developers will receive about 190 hectares each, specifically for new coal terminals, plus the land required for associated infrastructure outside the stockyard,” Bligh said.

The land allocation for Dudgeon Point Project Management, a subsidiary of the Brookfield Infrastructure Group, and Adani Mining, a subsidiary of the Adani Group, comes after the two companies were selected as preferred proponents to participate in the terminal back in June this year.

Commenting on the terminal, Bligh said it would be an improvement for the economy.

“This massive project is potentially worth about $A10 billion in investment and would deliver about 5000 jobs,” Bligh said.

"The proposed development would mean more jobs, new infrastructure and increased export capacity, giving the local economy a real boost."

The project consists of two terminals, eight new offshore berths, a rail spur line to Dudgeon Point, six rail loops, dump stations and two jetties to the offshore berths.

The construction of the project could commence in 2013, permitting relevant approvals are obtained.

Carabella Resources, Macarthur Coal, Middlemount Coal, New Hope Corporation and Peabody Energy are all seeking port capacity to export coal from the Dudgeon Point terminal.

The miners are currently in talks with the Dudgeon Point project management, after the Australian Competition and Consumer Commission granted interim authorisation for discussions involving port capacity.