Port privatisation: Are we selling off the crown jewels?
Posted by Espero in Logistics, Media Release, News 25 Apr 2013
Port Botany and Port Kembla were recently sold for more than $5 billion (eclipsing the expected price of $3-4 billion) to a consortium of super and infrastructure funds. The sale provides net proceeds of $4 billion for the NSW Treasury coffers after outstanding debt is repaid. It begs the question of whether we are selling off vital assets for short term financial gain and political expediency or whether it is a commercially sound decision
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