Thread: Why and how did the NT government lease the Port of Darwin to a Chinese firm ?

Originally Posted by bob10

How does that work with the company leasing taking out a massive loan, and defaulting? Who takes up the debt?

No-one takes up the debt, just like when you default on a home loan - you owe the money to the lender, and if they have security they enforce it. One of the articles on the Darwin lease said that they couldn't use the lease as security, so this may all be academic.

Originally Posted by Arapiles

No-one takes up the debt, just like when you default on a home loan - you owe the money to the lender, and if they have security they enforce it. One of the articles on the Darwin lease said that they couldn't use the lease as security, so this may all be academic.

History will decide. A couple of blokes on a forum spouting their so called knowledge means nothing.