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Newcastle Herald
Newcastle Herald
Michael Parris

'Incredibly happy': Payout ruling opens door to port container terminal

Port of Newcastle IPART Port Newcastle NSW Ports
Port of Newcastle chief executive Craig Carmody, right, talking to Business Hunter CEO Bob Hawes at a media event in Newcastle on Friday. Picture by Peter Lorimer

The door is open to Port of Newcastle developing a large-scale container terminal at Mayfield after the NSW independent pricing tribunal ruled it must pay only $13 million in compensation to the state government.

The Independent Pricing and Regulatory Tribunal ruling on Friday comes after Parliament passed legislation in November 2022 giving Port of Newcastle a pathway to removing controversial penalties on Newcastle competing for container traffic against Port Botany and Port Kembla.

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