General
Consider reclaiming Darwin Port from Chinese company Landbridge, committee advises federal government
The federal government should consider reclaiming Australian ownership of Darwin Port if the facility’s long-term lease to a foreign corporation is found to be against the national interest, a federal parliamentary committee has recommended.
Key points:
- Chinese company Landbridge paid $506 million for the long-term lease of Darwin Port
- The deal included 100 per cent operational control and 80 per cent ownership of the port
- The committee says the government should explain if the deal is subject to the new Foreign Relations Act
The Northern Territory government, under the previous CLP administration, leased the strategically important infrastructure to Chinese firm Landbridge in 2015.
The 99-year deal triggered immediate concerns among some…
Continue Reading
-
Noosa News15 hours agoElderly pair killed in rural highway intersection crash with caravan
-
Business16 hours ago3 of the best ASX shares to buy with $5,000
-
General22 hours agoAlbanese’s anaemic neutrality risks Aukus
-
General21 hours agoFormer Russian President Dmitry Medvedev issues warning over Ukraine escalation