PROJECTS
Privatization of the Port of Newcastle, Australia
The problem
The Government of New South Wales, Australia, announced its intention to privatize the Port of Newcastle, the world’s biggest coal port, through a 98-year lease. The Newcastle Port Consortium, comprising business people with strong local knowledge and commitment to the future of Newcastle, wanted to develop a growth strategy that would be beneficial to the Port and align with one of the bidders to help implement it. The Consortium firmly believed that it would matter who owned the Port and what they intended to do with it.
How we helped
Castalia helped the Consortium develop business cases for growth projects, including container and vehicle import terminals. We identified possible operators and led initial discussions with key customers. We proposed pricing and contracting strategies that would ensure competitiveness with other NSW ports. We helped the Consortium negotiate an alliance agreement with one of the bidders.
Impact
The bidder aligned with the Consortium did not succeed. The Port was sold for AUS$1.75 billion to a consortium made up of Hastings Funds Management and China Merchants. Port of Newcastle is currently implementing the key elements of the proposed growth strategy.
The client
Newcastle Port Consortium
Our team
Find out more
How can we help you?
How can we help you?
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
Sinclair House, 3 Glenside Crescent
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (0)1 85 64 10 22
3B Rue Taylor
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-121
Colombia
Thinking for a better world.
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia
Thinking for a better world.