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