Plans to privatise Port Kembla and Port Botany

The privatisation of Port kembla is expected to generate around Aus$ 500 million of which Aus$ 100 million will be spent on infrastructure in the Illawarra, while the remaining funds will be spent on other projects throughout the state.

The privatisation plans were announced during last month’ state budget. Sydney Ports Corporation will lose responsibility for most of the Port Botany precinct but will retain control of maritime security and emergency responses. The successful bidder should be known by December.