Sydney Ports Corporation

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Sydney Ports Corporation
Government-owned corporation
Industry Seaport management
Founded 1996 (1996)
Headquarters Sydney, Australia
Key people
Bryan T. Smith (Chairman)
Grant Gilfillan (CEO)
Revenue Increase A$256m[1]
Increase A$105m[1]
Increase A$73m[1]
Total assets Increase A$1,967m[1]
Total equity Increase A$1,056m[1]
Owner Treasurer of New South Wales - 1 share
Minister for Finance and Services - 1 share
Number of employees
Increase 320[1]
Parent New South Wales Government
Website www.sydneyports.com.au

Sydney Ports Corporation, a corporation owned by the Government of New South Wales, is responsible for the management, development and operation of seaport facilities within metropolitan Sydney, and two minor seaports located in Eden and in Yamba, within the state of New South Wales, Australia.

Sydney Ports is established pursuant to the State Owned Corporations Act, 1989 (NSW).

Corporation equity and ownership[edit]

Equity in the corporation is held jointly by the Treasurer of New South Wales and the Minister for Finance and Services, who hold their shareholding in trust on behalf of the NSW Government.

In April 2013, the NSW Government announced that it would be granting a 99-year lease to NSW Ports Consortium, whose partners are Industry Funds Management (including Cbus, HESTA and HOSTPLUS[2]), AustralianSuper, QSuper, and Tawreed Investments (a subsidiary of the Abu Dhabi Investment Authority), for an amount of A$4.31 billion. The lease was granted in conjunction with a lease over Port Kembla for A$760 million. Some employees of the Sydney Ports Corporation are expected to transfer to the new private sector owner. The government pledged that more than A$2 billion of the sale proceeds be allocated towards road infrastructure projects, including the proposed WestConnex motorway and upgrades to the Pacific Highway, plus roadworks in the Illawarra region.[2][3][4][5]

Facilities under management[edit]

Sydney Ports is responsible for managing within:

  • Sydney Harbour – 11 berths, including dry bulk, bulk liquids, general cargo and cruise terminal facilities covering a total of 41.7 hectares (103 acres) located in Walsh Bay, Glebe Island/White Bay, Barangaroo, and the Overseas Passenger Terminal at Circular Quay. Private facilities are located at Gore Cove.
  • Botany Bay – a bulk liquid terminal and storage facility and two intermodal container terminals at Port Botany.
  • Enfield – a 60 hectares (150 acres) site located 18 kilometres (11 mi) on a dedicated freight rail line from Port Botany, currently under development as an Intermodal Logistics Centre.
  • St Peters – the Cooks River Rail Depot and Empty Container Park

On 1 December 2011, the Government of New South Wales also assigned Sydney Ports Corporation responsibility for managing:[6]

See also[edit]

References[edit]

  1. ^ a b c d e f "Annual Report 2010/2011" (PDF). Sydney Ports Corporation. 28 September 2011. Retrieved 31 October 2012. 
  2. ^ a b Humphries, Glen (13 April 2013). "$5 billion port windfall: what it means for us". Illawarra Mercury. Retrieved 13 April 2013. 
  3. ^ "Ports sale reaps ‘historic’ $5bn price for NSW". The Australian Financial Review. 12 April 2013. Retrieved 13 April 2013. 
  4. ^ Nicholls, Sean (13 April 2013). "Ports sale adds $4.3b to coffers for key projects". The Sydney Morning Herald. Retrieved 13 April 2013. 
  5. ^ "Port Kembla and Botany leased for $5.07b". Illawarra Mercury. 12 April 2013. Retrieved 13 April 2013. 
  6. ^ "Annual Report 2011/2012" (PDF). Sydney Ports Corporation. 28 September 2012. p. 3. Retrieved 1 June 2013. 

External links[edit]