Skip Ribbon Commands
Skip to main content

Question and Answer Tracking Details

0155 - NEWCASTLE PORT

Crakanthorp, Tim to the Treasurer
  1. What authorisation did the Government obtain to require a developer of a container terminal at the Port of Newcastle to reimburse the Government for any cost the Government incurs in paying compensation to a lessee of Port Botany and Port Kembla, for container traffic at the Port of Newcastle above a minimal specified cap?

  2. Did the Government lease the Port of Newcastle for the purpose of requiring a developer of a container terminal at the Port of Newcastle to reimburse the Government for any cost the Government incurs in paying compensation to NSW Ports for container traffic at the Port of Newcastle above a minimal specified cap?

  3. Does the Government have a source of funds, other than the developer of a container terminal at the Port of Newcastle, to reimburse the Government for any cost the Government incurs in paying compensation to NSW Ports, for container traffic at the Port of Newcastle above a minimal specified cap?

  4. Did Hastings Funds Management write to the Government in 2013 proposing that the Government should require a developer of a container terminal at the Port of Newcastle to reimburse the Government for any cost the Government incurs in paying compensation to NSW Ports, for container traffic at the Port of Newcastle above a minimal specified cap?

Answer -

The Port of Newcastle transaction unlocked valuable resources which have been used to revitalise central Newcastle. Newcastle received $340 million of the gross proceeds from the transaction, alongside investment from the Government, which was able to fund and build the Newcastle CBD Light Rail.

The opening and successful operation of the Newcastle Light Rail throughout the CBD is a sign of the Government's commitment to Newcastle, alongside our major investments in health and schools in the area.

We encourage the Opposition to stand with the Government to support Newcastle and stop talking the city down.

Question asked on 9 May 2019 (session 57-1) and printed in Questions & Answers Paper No. 3
Answer received on 13 June 2019 and printed in Questions & Answers Paper No. 10