Australian government will not cancel Port of Darwin lease to Chinese company

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The 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.

The 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 review found that there is a robust regulatory system in place to manage risks to critical infrastructure, also concluding the Port of Darwin’s existing monitoring mechanisms are sufficient and will be ongoing, hence why the lease will not be varied or cancelled.

However, there had been reports of Beijing becoming frustrated from the amount of time taken to release the review.

 

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