IPART appointed to determine price for Newcastle to remove container terminal shackles

Port of Newcastle artwork for the proposed Newcastle Deepwater Container Terminal, with the stockpiles of the existing Carrington Coal Terminal to the left of the image.

THE tribunal that sets council rates and public transport fares has been assigned the job of working out how much the Port of Newcastle must pay to free itself from the container terminal restrictions imposed on it during privatisation.

The appointment of the NSW Independent Pricing and Regulatory Tribunal (IPART) follows the passing in November of the Port of Newcastle (Extinguishment of Liability) Act 2022 which was introduced to state parliament by Lake Macquarie Independent MP Greg Piper.