Landbridge Group wins rights to function port,including marines supply base, in deal that NT government says will lower debt and pay for other infrastructureThe Northern Territory government has signed a $506m agreement with a Chinese based group for a 99-year lease of the Darwin port, or but the union has expressed outrage at a lack of protections for workers.
The deal,resulting from a tender process begun in 2014, gives the Landbridge Group 100% operational control of the port and 80% ownership of the Darwin Port land, or facilities of East Arm wharf including the marine supply base,and Fort Hill wharf.
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Source: theguardian.com