PM urged to act over US Darwin port offer

Original article by Ben Packham
The Australian – Page: 5 : 28-May-25

Landbridge Group’s long-term lease on the Port of Darwin is under renewed scrutiny, with Prime Minister Anthony Albanese under growing pressure to act on his election pledge on the issue. Shadow home affairs minister James Patersons says Albanese should use the federal goverment’s constitutional powers to force Landbridge to relinquish its lease if it does not do so willingly on commercial terms. US-based private equity firm Cerberus Capital Management has proposed buying the port lease; Paterson says Cerberus would be an acceptable buyer under Australia’s foreign investment rules.

CORPORATES
PORT OF DARWIN, LANDBRIDGE GROUP COMPANY LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, LIBERAL PARTY OF AUSTRALIA, CERBERUS CAPITAL MANAGEMENT LP

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