ABC Online<\/i> said that the agreement with the Landbridge Group will include the lease of Darwin Port and the facilities of East Arm Wharf and Fort Hill Wharf.<\/p>\n
Within five years the Chinese investor must find an Australian investor to purchase the remainder 20% stake, which for the moment will remain with the Northern Territory Government.<\/p>\n
Before this announcement was made, the NT Government had been trying to address environmental concerns about an expansion of operations in the area.<\/p>\n
The local community is worried about Aboriginal cultural sites and World War II historic sites. But the Government has attempted to reassure worried parties on its departmental website.<\/p>\n
\u201cWe understand the need to protect our natural environment,\u201d it said. \u201cAny lease of the port and ongoing operation by a private investor would need to comply with NT and Federal Environment regulations.\u201d<\/p>\n
Meanwhile, Landbridge has been quoted as saying it plans on making a considerable investment at the port. It plans on encouraging two way growth between Australia and Asia.<\/p>\n
The Chinese takeover is not without its opposition by those that strongly condemn the sale of the publicly owned port to a private Chinese investment firm.<\/p>\n
The NT Maritime Union of Australia (MUA) said that the port has only been sold off to raise a short term windfall. As well as the environmental concerns there is also some concern for the future jobs of the workers at the port.<\/p>\n","protected":false},"excerpt":{"rendered":"
A Chinese company has won the bid to operate the Port of Darwin under a 99 year lease worth AUS$506, largely on the merit of its expansion plans, says the Australian media.<\/p>\n","protected":false},"author":8,"featured_media":9460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[70],"tags":[],"sponsor":[],"class_list":["post-9459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-greenport"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/comments?post=9459"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9459\/revisions"}],"predecessor-version":[{"id":9461,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/posts\/9459\/revisions\/9461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media\/9460"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/media?parent=9459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/categories?post=9459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/tags?post=9459"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/greenport\/wp-json\/wp\/v2\/sponsor?post=9459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}