Chinese company's lease of Darwin port to remain intact after federal government review

United States News News

Chinese company's lease of Darwin port to remain intact after federal government review
United States Latest News,United States Headlines
  • 📰 9NewsAUS
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Security monitoring of the commercial site will continue, the federal government said.

The Department of Prime Minister and Cabinet said it had finished its review of the matter and it will not vary or cancel the lease held by Landbridge.

"The review found that: there is a robust regulatory system in place to manage risks to critical infrastructure, including the Port of Darwin; existing monitoring mechanisms are sufficient and will be ongoing; and as a result, it was not necessary to vary or cancel the lease," the department said in a statement.A federal government has decided not to alter the lease of Darwin's port to a Chinese company.

After relations between Canberra and Beijing sunk to new lows over the following years, politicians and commentators raised concerns about a Chinese company holding the lease of a port close to strategically important waters.  The awarding of the lease also came after the start of deployments by US Marines to Darwin and the Top End.READ MORE:The problematic 99-year-lease of the port of Darwin to a Chinese company, has been cleared by the national security committee of cabinet.

"Australians can have confidence that their safety will not be compromised, while ensuring that Australia remains a competitive destination for foreign investment," it said.Continue reading

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

9NewsAUS /  🏆 10. in AU

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Australian government will not cancel Port of Darwin lease to Chinese companyAustralian government will not cancel Port of Darwin lease to Chinese companyThe Australian government has announced it will not cancel its Port of Darwin lease to a Chinese company. In June 2022 only weeks after Prime Minister Anthony Albanese came into power he announced a review into the Port of Darwin lease. The lease was a 99-year-lease to Chinese firm Landbridge by the Northern Territory government.
Read more »

Federal government will not cancel Chinese company Landbridge's Port of Darwin leaseFederal government will not cancel Chinese company Landbridge's Port of Darwin leaseIn a statement, the Department of Prime Minister and Cabinet says that there is 'a robust regulatory system in place to manage risks to critical infrastructure' and that it 'was not necessary to vary or cancel the lease.'
Read more »

Australia eyes breakthrough on wine as it moves to scrap tariffs on Chinese wind towersAustralia eyes breakthrough on wine as it moves to scrap tariffs on Chinese wind towersGovernment presses for removal of imposts on wine ahead of Anthony Albanese’s visit to Beijing next month
Read more »

Chinese developer Country Garden sells huge Windermere estate to FrasersChinese developer Country Garden sells huge Windermere estate to FrasersChina’s biggest private developer offloads Windermere estate in Melbourne to Frasers for around $250 million as the company moves closer to leaving Australia.
Read more »

Undiplomatic impunity: Chinese embassy leaves New Zealand landlord with $900 billUndiplomatic impunity: Chinese embassy leaves New Zealand landlord with $900 billPeople’s Republic is granted immunity from paying cleaning, rubbish removal and key cutting tab after diplomat vacated Wellington house
Read more »



Render Time: 2025-02-27 11:28:13