Industry Seaport management Total equity A$1,056m Headquarters Sydney, Australia Number of employees 320 | Total assets A$1,967m Revenue 256 million AUD Founded 1996 Net income 73 million AUD | |
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Type Government-owned corporation Key people Nicholas Whitlam (Chairman)
Grant Gilfillan (CEO) Owner Treasurer of New South Wales - 1 share
Minister for Finance and Services - 1 share Parent organization Government of New South Wales | ||
Out and about interview with grant gilfillan sydney ports corporation
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.
Contents
- Out and about interview with grant gilfillan sydney ports corporation
- Corporation equity and ownership
- Facilities under management
- References
Sydney Ports is established pursuant to the State Owned Corporations Act, 1989 (NSW).
Corporation equity and ownership
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), 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.
Facilities under management
Sydney Ports is responsible for managing within:
On 1 December 2011, the Government of New South Wales also assigned Sydney Ports Corporation responsibility for managing: