WA government selling ports

[Greatsouthernland]

How can this short term selling the golden goose help in the long term? :eek:

Something is fundamentally wrong with the financial model, soon there will be nothing to sell and we'll be slaves to privatised companies...charging what they want :mad:


Privatisation of ports to finance WA government bailout | Mining Australia (http://www.miningaustralia.com.au/news/privatisation-of-ports-to-finance-wa-government-ba)

[Ausfree]

Has already happened in Newcastle. A 99 year lease to the Chinese.:( Yep, you can't keep flogging off the family silver without looking at the underlying problem.

[Sitec]

And once it goes to the dogs, all the skilled people will look to migrate again, as has happened out of Europe! Sad really.

[Greatsouthernland]

And once it goes to the dogs, all the skilled people will look to migrate again, as has happened out of Europe! Sad really.

This is what ****s me, why don't we learn from the mistakes of others. Bloody govt has such a short term please the sheeple attitude to fiscal management. :censored:

[CraigE]

Because it will make the balance sheet look good while the existing Barnyard govt is in power and is most likely will be sold to business associates of the government who will then get jobs or benefits when they leave govt office.
Same roundabout just going round and round with all public assets. In 5 - 10 years time whatever govt is in office will be complaining about it.
They should not be allowed to sell public assets like this without a referendum.
As with everything else watch costs to use this service sky rocket under privatization.

[Brett1066]

Having worked in a port, I think this is a huge mistake. Government should always be in control of the entry and egress points of the country. And from a safety point of view, I can vouch that the crews on the ships we brought in had nowhere near the safety levels that we expect here. Just the other day an inspector for my company was nearly cut in half by a closing hatch. Apparently isolations, "lock out, tag out" was not the norm - although this incident was not at an australian port. And the inspector is at fault also for not insisting the hatch was isolated. But I digress.
Privatisation of utilities like ports seems like a money grab to me, one that we will regret later.
Just my 2c worth.

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[Greatsouthernland]

They should not be allowed to sell public assets like this without a referendum.
.

100% agree with that.

[Brett1066]

I will also add that the port I worked at - Port Hedland- is the biggest exporting port in Australia. Why would you give up an asset like that?:thumbdown::(

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[bob10]

There is similar concern over the Adani group, from India, getting approval for a new coal mine, & a port at Abbot Point, near Mackay. The Adani group have been accused of corruption, and many environmental concerns in India. Bob



Adani gets Australia’s nod for $15.5 bn coal mining project - Livemint (http://www.livemint.com/Companies/fuuBoDeX9dsFe0WjGWG7PP/Australia-clears-Adani-Minings-155-billion-Carmichael-coa.html)

[frantic]

The libs did that in Nsw, now watch who gets screwed . As the illawarra is a safe labor seat we got a far lower percentage (for local development )of the sale price of port kembla, than Newcastle did of their port.
I agree, the sale of power, ports and Telstra is simply robbing our kids to have a holiday.
How much easier would a renewables scheme be if the govt still owned all the power supply?
How much cheaper would the nbn have been if it was just one company ? 2-3 years profits from all the phone companies in Oz would have covered the upgrade costs. Don't bother with Murdoch getting part of the libs dumbed down plan or the govt deciding not to fight his $880 million tax return.
http://www.ft.com/cms/s/0/0fe00f6e-97b1-11e3-b104-00144feab7de.html#axzz3BpbtU6Fp
News Corp CFO to lead NBN Co's financials - Delimiter (http://delimiter.com.au/2014/06/04/news-corp-cfo-lead-nbn-cos-financials/)

As our and the global population grows we will use ports far more, not less. Ditto for airports, but my bet is the new sydney one will be private.

[Ausfree]

Because it will make the balance sheet look good while the existing Barnyard govt is in power and is most likely will be sold to business associates of the government who will then get jobs or benefits when they leave govt office.
Same roundabout just going round and round with all public assets. In 5 - 10 years time whatever govt is in office will be complaining about it.
They should not be allowed to sell public assets like this without a referendum.
As with everything else watch costs to use this service sky rocket under privatization.

Couldn't agree more. These are public assets belonging to we the people. It is not something for a pollie to flog off willie nilly to feather their own nests.

I personally don't understand how they are allowed to get away with it!!!