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AAP
AAP
Business
Jack Gramenz and Luke Costin

Deal struck to 'unshackle' Newcastle port

Greg Piper Newcastle New South Wales Port of Newcastle Labor

An effective monopoly over almost all products entering NSW by sea is set to be broken up by a bill to "unshackle" the Port of Newcastle.

The port in NSW's second biggest city handles few containers because of compensation provisions established when the state government sold ports at Botany and Kembla in 2013.

The monopoly lasts for 50 years and affected the later $1.7 billion sale of the Port of Newcastle.

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