7 months ago
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Modelling conducted for Treasury finds state’s liability to competing terminals could be $600m in 2024 and $4.3bn by 2063
The New South Wales government could be forced to pay up to $4.3bn in compensation if Newcastle becomes a container port, after it was privatised a decade ago along with two other major ports.
The government will on Thursday reveal the contracts used in the sales of Port Botany and Port Kembla in 2013 and the sale of the Port of Newcastle the following year, as well as modelling commissioned on the northern port’s plan to develop container abilities.
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