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Question and Answer Tracking Details

5542 - NEWCASTLE PORT LEASE

Hornery, Sonia to the Minister for Transport, and Minister for the Hunter representing the Minister for Roads and Freight
  1. What is the Newcastle Port description, the Deposited Plan (DP) number and Lot number, of those properties that have been identified for lease to a private party for 99 years?
  2. Have heritage and environmentally sensitive areas located within the lease been identified for protection in the agreement?
  3. What will be the effect of the Newcastle Port lease on future revenue to New South Wales?
  4. Will the lessee bear the costs of:
    1. Storm wall maintenance;
    2. Dredging;
    3. Site remediation; and
    4. Storing of toxic materials?
  5. What adjustments over the term of the 99 year lease can be made once it has been entered into?
Answer -

I am advised:

(1) The lease will be registered and publicly available after financial close of the transaction. The lease identifies the Deposited Plan and lot numbers. The lease period is 98 years.

(2) The new lessee will be subject to the same environmental and heritage regulation as was previously the case under State ownership.

(3) This question is a matter for the Treasurer.

(4) Yes, that is generally the case. However, as with the Ports Botany and Kembla leases, the State is responsible for pre-existing contamination, unless it is disturbed by the port lessee. The State will finish the remediation of former BHP land in accordance with Environment Protection Authority requirements.

(5) Renegotiation of the lease is not anticipated.

Question asked on 7 May 2014 (session 55-1) and printed in Questions & Answers Paper No. 213
Answer received on 11 June 2014 and printed in Questions & Answers Paper No. 221

The Parliament of New South Wales acknowledges and respects the traditional lands of all Aboriginal people, and pays respects to all Elders past and present. We acknowledge the Gadigal people as the traditional custodians of the land on which the Parliament of New South Wales stands.