While many will be jumping for joy as the Port of Newcastle (PoN) moves closer to developing a major container port, the NSW Treasurer will be doing overtime trying to accommodate this game-changer into the next budget.
Treasurer Daniel Mookhey will have a very difficult task embracing the NSW independent pricing tribunal (IPART) decision that opens the way for the PoN to make a one-off $13million payment to expunge the penalty to start a container terminal at the Mayfield Wharf in direct competition with Botany and Kembla.
