Independent journal on economy and transport policy
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Merchants Group lowers and Hastings will manage the Australian carboniferous port of Newcastle
the concession contract has a duration 98-year-old
May 2, 2014
The consortium Port of Newcastle Investimens participated jointly from China Merchants Group (CMG) of Hong Kong and from the Australian Hastings Funds Management has adjudicated the contract of concession of the duration 98-year-old in order to manage the Australian port of Newcastle, whose areas are of property of the state society Newcastle Port Corporation (NPC). It has announced the Prime Minister of the Australian State of New South Wales, Mike Baird, having emphasized that the agreement will guarantee to the state cases Australian returns for 1,75 billion dollars (USA 1,6 billion dollars) that they will allow to invest other 1,5 billion dollars in infrastructures of the State.
In the exercise anniversary 2012-13, that it is finished on June 30, 2013, the port of Newcastle has enlivened altogether 148,87 million tons of goods, with an increment of +16% regarding the exercise precedence. The increase is determined by the new record of coal exports enlivened by the port of call that have totaled 142,64 million tons (+17%), export that it has a value of 15,25 billion dollars Australian. The remaining quota traffic is constituted for 5,43 million tons by other bulk types (- 7.0%) and for 800 thousand several tons from goods (- 8.0%). In the exercise the 2012-13 port is scaled by 4.631 ships, 483 in more regarding the exercise precedence.
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The consortium Port of Newcastle Investimens participated jointly from China Merchants Group (CMG) of Hong Kong and from the Australian Hastings Funds Management has adjudicated the contract of concession of the duration 98-year-old in order to manage the Australian port of Newcastle, whose areas are of property of the state society Newcastle Port Corporation (NPC). It has announced the Prime Minister of the Australian State of New South Wales, Mike Baird, having emphasized that the agreement will guarantee to the state cases Australian returns for 1,75 billion dollars (USA 1,6 billion dollars) that they will allow to invest other 1,5 billion dollars in infrastructures of the State.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
