Hutchison Port Holdings (HPH) signed an agreement in January 2008 to lease two new container berths (Berths 11 and 12) from the Port of Brisbane Corporation for 35 years. The Port of Brisbane is Australia's fastest-growing container port. HPH has established Brisbane Container Terminals (BCT), a wholly-owned subsidiary, to operate the new container-handling facility. It will have a total area of 26 hectares, a total quay length of 660 metres, and a depth alongside of 14 metres. Berth 11 is ready for business, while Berth 12 is scheduled for completion in 2014.