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
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