Newcastle could establish NSW’s 2nd container port
The Port of Newcastle is close to realising its ambition of becoming New South Wales’ second container port, bringing competition back into import export, following a determination from the Independent Pricing and Regulatory Tribunal’s (IPART). IPART determined that the port was required to make a one-off compensation payment of $10,120,000 (approx. $13,100,000 when adjusted for…