Green Light Given for long term lease of Port Botany & Port Kembla

Treasurer Mike Baird and Ports Minister Duncan Gay today confirmed the NSW Government will proceed with the long-term lease of State-owned assets Port Botany and Port Kembla to fund priority infrastructure projects across NSW. The Government has received and considered the recommendations of the scoping study prepared by Morgan Stanley and based on this advice has decided to proceed with long-term leases on both asset. Mr Baird said " We are facing an immense challenge to fund the backlog of critical infrastructure across NSW and more needs to be done to free-up the vital funds needed to deliver long overdue road, school and hospital projects across NSW."

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