Nicholas Whitlam, the Chairman of the new Port Authority of New South Wales “suspects” there will be a box terminal at Newcastle. Mr Whitlam gave the keynote speech at a recent Shipping Australia event in Wollongong. When asked about his views on a Newcastle container terminal, he replied: “At some stage, I suspect that there […]
NSW has agreed to lease the Port of Newcastle to a consortium of financial investors for 98 years in a $1.75bn deal. “Transactions such as this bring enduring benefits to communities and the economy and build on the NSW Government’s success track record in recycling mature State-owned assets to deliver major infrastructure projects that will […]
NSW Treasurer, Mike Baird, is pleased with the response from potential bidders for the long-term lease of the Port of Newcastle following the close of Expressions of Interest. Mr Baird said suitably qualified parties would now be invited to participate in a competitive bidding process for the Port, which is expected to conclude by mid-2014. […]