News

Port lease deal unlikely to fail, economist says

ECONOMIST and professor John Quiggin says it would be "incredibly rare" that the Gladstone Port would not be leased, regardless of the offer.

His comments come in response to a promise yesterday by Premier Campbell Newman, speaking from Rockhampton, who said the LNP would keep the assets if they did not get "full value" on the market.

Mr Newman said, if necessary, he would follow the NSW government that have reportedly taken their power stations off the market.

"We will ensure we get the proper value for any asset," he said. "We would retain assets if we weren't getting full value."

When asked what this would mean for the LNP's proposed infrastructure fund - which asset leasing will pay for - Mr Newman said he was confident the market was there for the assets.

But, a professor for the University of Queensland, Quiggin, said historically once assets were listed on the market the sales have always gone ahead.

"It's incredibly rare for assets to be offered on the market and not be sold," he said.

The leases would be for 50 years with an option to extend for a further 49 years.

The LNP has predicted the leases would yield $37 billion. The party plans to use $25 billion to help reduce the $80 billion state debt.

Any company that leased the Gladstone Port would be taking over assets worth $1.96 billion and an operational revenue of $644.4 million.

Mr Newman is expected to visit Gladstone during the election campaign.

Topics:  asset lease campbell newman gladstone port queensland election 2015



How to survive a bushfire in your car

IT SOUNDS like a nightmare, but it can happen.

Eight reasons to join the RFS

SPREAD across 93% of Queensland, the Rural Fire Service has about 36,000 volunteers. And you could be one of them.

What if my insurer gives me grief?

CLAIMING your insurance cover after a natural disaster can go one of two ways. It can be a breeze, or like pulling teeth.

'Culture shock': Gladstone's new powerhouse doctor

Gladstone Medical Centre has welcomed a new doctor Sameer Pabalkar.

Doctor with more than 20 years now calls Gladstone home.

$25 billion APLNG project spared in Origin's mass sell off

LNG FUKUROKUJU is purpose built to carry LNG from the APLNG facility at Curtis Island to Kansai Electric facility in Japan.

APLNG won't be part of a separate entity after Origin revamp.

Local Partners

Mel Gibson named Best Director at AACTA Awards

Mel Gibson poses in the media room after winning the AACTA Award for Best Direction for Hacksaw Ridge.

HIS wartime drama Hacksaw Ridge sweeps 6th annual awards in Sydney.

Mark Hamill unaware his co-stars were romantically involved

Hamill too "self-involved" at the time to notice, he said

ABC's Fresh Blood graduates are a Skit Box full of laughs

Sarah Bishop, Greta Lee Jackson and Adele Vuko in a scene from the TV series Wham Bam Thank You Ma'am.

ALL-female comedy trio hitting the mark with new sketch show.

Kim Kardashian West said to be looking for a divorce

Kim Kardashian West is looking to file for divorce from her husband

HBO announces which show will replace Game of Thrones

Diana Rigg, Natalie Dormer, and Hannah Waddingham in a scene from Game of Thrones.

Game of Thrones is definitely not coming back next April

Adele's Carpool Karaoke biggest viral hit on YouTube in 2016

The video has already attracted more than 135 million views

Ipswich City Properties asset portfolio retains its value

Ipswich City Council Administration Building, South Street, Ipswich. Photo: Claudia Baxter / The Queensland Times

New website launched by Ipswich City Council

High profile premier invests in Gladstone industrial facility

Mr Newman said he read the ABC story this week and was still trying to work out what the punchline was.

FORMER PREMIER heads group that's backing Gladstone to bounce back.

INSIDE STORY: The highlights of your $150 million CBD

GRAND PLAN: The highlights of the Ipswich CBD redevelopment and where they will be located.

Work on city heart's radical transformation to begin next year

VOTE IN OUR POLL: Sand mine opponents face serious dilemma

Public meeting for the proposed sand mine at Maroochydore last week.

Coast MP calls on Minister to stop KRA proposal with stroke of a pen

Developer's grand new multi-million dollar estate

NEW ESTATE: This is the only plan revealed by the property developer's new Billabongs Estate in Agnes Water.

DEVELOPER given the go ahead for a massive estate with 149 homes.

Ready to SELL your property?

Post Your Ad Here!