NSW dangles Botany terminal lease carrot
The New South Wales Government is considering refinancing state-owned assets at Port Botany by offering private investors a 99-year lease on Sydney’s box port. The government has announced a “scoping study” to investigate the lease proposal.
If it goes ahead, the government intends to release value held in the business that can be applied to other works, while allowing private enterprise to enhance efficiency of port operations.
Last year Brisbane undertook a similar initiative, which appears to be the model the NSW Government is following.
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