Australia to Fund $1.1 Billion Darwin Port to Stem China Threat
- China’s Landbridge has 99-year lease on city’s main port
- China military expansion among investment reasons: Deputy PM
Darwin, Australia.
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Australia will build a new A$1.5 billion ($1.1 billion) port in Darwin to boost the export of gas and critical minerals, in competition with the city’s main port which was controversially leased to a Chinese-owned company in 2015.
On the election campaign trail in the Northern Territory Tuesday, Deputy Prime Minister Barnaby Joyce cited tensions with China and growing instability in the Asia-Pacific region among the reasons for the investment.