News

Gladstone port to be leased if LNP wins next election

THE PORT of Gladstone will be leased if the LNP makes it through the next election, after 46% of Queenslanders voted for asset sales to reduce debt.

State Treasurer Tim Nicholls said two of the three ports controlled by the Gladstone Ports Corporation would be put on a long-term lease, but the lease wouldn't start until after the next election.

He said the government wouldn't disclose the scoping study into the port's worth, as it was in commercial confidence.

As part of the government's plan, the RG Tanna Coal Terminal would undergo a $90.5 million upgrade, with $50.6 million from the State Budget.

Speaking with The Observer on Tuesday, Mr Nicholls said the state had to deal with an $80 billion debt problem, and as part of the Strong Choices campaign he believed the asset transactions could potentially deliver $33.6 billion.

This was "enough to return state debt to more sustainable levels and invest in vital infrastructure".

"We've spoken to 70,000 people and we won't do this unless you vote for that policy at the next election," he said.

"We didn't want to increase taxes or reduce services like health or education, which is important for regional areas.

"Queensland understands there's no easy choices, but we're going to get value for the port."

He said the numbers from the Strong Choices consultation showed 46% of submissions preferred selling or leasing assets.

"We're also asking people to revisit the Strong Choices website to tell us how the proceeds of the sales can be spent in your region," he said.

Topics:  asset sales, gladstone harbour, port of gladstone, queensland budget, tim nicholls




Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

'I apologise every day that I am not the person he married'

My battle with postnatal depression...

'My husband lasted 6 weeks as a stay at home dad'

APN Hey Mummy Feature for online - stock images. Katie Dykes being interviewed for the webisodes. Photo Marc Stapelberg / The Northern Star

FROM the outside, being a stay at home mum looks like a breeze.

THE EXPERT: Stop judging working mothers

SUPER MUMS: Being a working mums comes down to perfecting time management.

"WORKING for money is all right; so is working because you want to.”

Health and nutrition with kids - how do you balance it?

HOW important is health and nutrition in your household?

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Technology and kids: Do you ever cut their wi-fi?

Check out our new video series featuring mums having a chat

PHOTOS: Terrifying boating accident inspires Gladstone couple to act

Gladstone Fishing Network Facebook page admin Dave and Eve Malone experienced a horrific boating accident, and are hoping to deliver the message of how important VMR is, as well as hosting a fundraiser for the organisation this weekend.

AFTER a scary accident, this couple know the importance of the VMR

LISTEN: Gladstone Fish Market begin takeaway fish and chip venture

TAKEAWAY: Gladstone Fish Market owner Simon Whittingham will soon have a fish and hip van out front of the markets.

The Gladstone Fish Market is expanding to sell takeaway seafood

VIDEO: Puppy rescued from being shot by owner, but loses leg

Brave pup Oddis had his leg amputated two days ago during an operation.

HIS FORMER owner threatened to shoot him if no one would take him.

Latest deals and offers

Soccer kids enjoy clinic

Clinton's Charles Heeron - Senior Soccer between Clinton and Meteors. Saturday, May 14th, 2016.

A League goalkeeper Michael Theo was passing down his soccer wisdom to about 30...

Soccer kids enjoy clinic

Clinton's Charles Heeron - Senior Soccer between Clinton and Meteors. Saturday, May 14th, 2016.

A League goalkeeper Michael Theo was passing down his soccer wisdom to about 30...

Oddis the foster dog

Oddis the foster dog

Oddis the foster dog needs a forever home.

Burnett Heads housing development approved

COUNCIL APPROVED: A Burnett Heads housing development has been approved by Bundaberg Regional Council. Photo Contributed

Councillors approved the development seven votes to four

Three bedroom, 1100sqm block: Is this Qld's cheapest home?

BARGAIN BUY: Is this North Bundaberg property the cheapest home in Queensland?

Becoming a real estate mogul is all about risk and reward