Australia seeking to buy back Port of Darwin from Chinese firm, says PM (www.straitstimes.com)

submitted 1 month ago by Hotznplotzn@lemmy.sdf.org to c/australia@aussie.zone

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Australian Prime Minister Anthony Albanese has indicated he would look to buy back the Port of Darwin from Chinese company Landbridge under a re-elected Labor government, the most significant move yet to bring the strategic asset once more under Australian ownership.

Mr Albanese said in an interview with the Australian Broadcasting Corp radio on April 4 the port needs to be “in Australian hands”, including the possibility that a private buyer would be sought to take control.

“We will enter into negotiations to do that,” Mr Albanese said. “That is what we’ve been doing informally through potential buyers up to this point already, and if it reaches a point where the Commonwealth needs to directly intervene, then we’d be prepared to do that.”

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[-] No1@aussie.zone 4 points 1 month ago* (last edited 1 month ago)

There's one-off, cash grabbing sales of public assets, many of which are short-sighted and stupid.

Then there is the sale of the Darwin port, which added a whole other level of stupid on top.

Everyone involved with it should be forced to do the Game of Thrones walk of shame.

this post was submitted on 05 Apr 2025

43 points (93.9% liked)

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