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.
How can this short term selling the golden goose help in the long term?
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
Privatisation of ports to finance WA government bailout | Mining Australia
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.
And once it goes to the dogs, all the skilled people will look to migrate again, as has happened out of Europe! Sad really.
1995 Mercedes 1222A 4x4
1969 (Now know! Thanks Diana!!) Ser 2 Tdi SWB
1991 VW Citi Golf Cti (soon to be Tdi)
'When there's smoke, there's plenty of poke!!'
'The more the smoke, the more the poke!!'
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.
2011 Discovery 4 TDV6
2009 DRZ400E Suzuki
1956 & 1961 P4 Rover (project)
1976 SS Torana (project - all cash donations or parts accepted)
2003 WK Holden Statesman
Departed
2000 Defender Extreme: Shrek (but only to son)
84 RR (Gone) 97 Tdi Disco (Gone)
98 Ducati 900SS Gone & Missed
Facta Non Verba
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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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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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
I’m pretty sure the dinosaurs died out when they stopped gathering food and started having meetings to discuss gathering food
A bookshop is one of the only pieces of evidence we have that people are still thinking
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-9...#axzz3BpbtU6Fp
News Corp CFO to lead NBN Co's financials - Delimiter
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.
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