Landbridge Industry A$506 million acquisition of 99-year Darwin Port lease

Overview:

• Landbridge acquired a 99 year lease of Darwin Port for A$506 million from the Northern Territory Government of Australia in October 2015. 
• Landbridge is a Chinese-owned group with interests in logistics and petrochemical infrastructure, and tourism. 
• In 2017 Landbridge sold 20% of the lease back to the regional government to comply with the initial terns of the contract. The fee was nominal ($100) and the federal state has no obligation to contribute to any of the port's costs, nor will not receive any of the profits from the port's operations. 

Ben Naylor - Regional editor