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SYDNEY Ports Corporation has defended the economic rationale for choosing Hutchison Port Holdings as the operator of Port Botany’s third container terminal amid claims from a rival proponent that the decision conflicted with the port corporation’s own stated aims.
After some global financial crisis-related hiccups, Port Botany’s $1bn expansion, specifically the procurement of a third stevedore, is now locked in and construction remains on track.
Hutchison was confirmed in December as the preferred operator, having been picked from a...
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