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Australia To Review 99-Year-Lease Of Port To Chinese Firm: Report Australia To Review 99-Year-Lease Of Port To Chinese Firm: Report Defence officials are checking if Landbridge Group, owned by Chinese billionaire Ye Cheng, should be forced to give up its ownership of the port in Darwin, the capital of the Northern Territory, on national security grounds, the newspaper said.
Updated: May 03, 2021 6:33 am IST
Australia will review the 99-year-lease of a commercial and military port in its north to a Chinese firm
Sydney:
Australia will review the 99-year-lease of a commercial and military port in its north to a Chinese firm, the Sydney Morning Herald reported late on Sunday, a move that could further inflame tensions between Beijing and Canberra.
Defence officials are reportedly checking if Landbridge Group, owned by Chinese billionaire Ye Cheng, should be forced to give up its ownership of the port in Darwin.
Source:
Highlights
Landbridge won a bidding process in 2015 to operate the port in a deal worth $390 million.
Prime Minister Scott Morrison said he would act on the port`s ownership if national security concerns were raised.
Canberra last year called for an international inquiry into the origins of COVID-19.
Sydney: Australia will review the 99-year-lease of a commercial and military port in its north to a Chinese firm, the Sydney Morning Herald reported late on Sunday (May 2), a move that could further inflame tensions between Beijing and Canberra.
Defence officials are checking if Landbridge Group, owned by Chinese billionaire Ye Cheng, should be forced to give up its ownership of the port in Darwin, the capital of the Northern Territory, on national security grounds, the newspaper said.