Port Kembla Port Corporation

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Port Kembla Port Corporation
Government-owned corporation
Industry Seaport management
Founded 1996 (1996)
Headquarters Port Kembla , Australia
Key people
 Nicholas Whitlam (Chairman)
Dom Figliomeni (CEO)
RevenueIncrease2.svgA$56.9m [1]
Increase2.svgA$59.5m [1]
Increase2.svgA$19.5m [2]
Total assets Increase2.svgA$476.1m [1]
Total equity Increase2.svgA$346.4m [1]
Owner Treasurer of New South Wales - 1 share
Minister for Finance, Services & Property - 1 share
Parent Government of New South Wales
Website www.kemblaport.com.au

Port Kembla Port Corporation (PKPC), a corporation owned by the Government of New South Wales, is responsible for the management, development and operation of seaport facilities at the Port Kembla, near Wollongong, New South Wales, Australia.

Government of New South Wales state government of New South Wales, Australia

The Government of New South Wales, also referred to as the New South Wales Government or NSW Government, is the Australian state democratic administrative authority of New South Wales. It is currently held by a coalition of the Liberal Party and the National Party. The Government of New South Wales, a parliamentary constitutional monarchy, was formed in 1856 as prescribed in its Constitution, as amended from time to time. Since the Federation of Australia in 1901, New South Wales has been a state of the Commonwealth of Australia, and the Constitution of Australia regulates its relationship with the Commonwealth. Under the Australian Constitution, New South Wales ceded legislative and judicial supremacy to the Commonwealth, but retained powers in all matters not in conflict with the Commonwealth.

Port Kembla, New South Wales Suburb of Wollongong, New South Wales, Australia

Port Kembla is a suburb of Wollongong 8 km south of the CBD and part of the Illawarra region of New South Wales. The suburb comprises a seaport, industrial complex, a small harbour foreshore nature reserve, and a small commercial sector. It is situated on the tip of Red Point, first European sighting by Captain James Cook in 1770. The name "Kembla" is Aboriginal word meaning "plenty [of] wild fowl".

Wollongong City in New South Wales, Australia

Wollongong, informally referred to as "The Gong", is a seaside city located in the Illawarra region of New South Wales, Australia. Wollongong lies on the narrow coastal strip between the Illawarra Escarpment and the Pacific Ocean, 68 kilometres (51 miles) south of central Sydney. Wollongong had an estimated urban population of 299,203 at June 2017, making it the third-largest city in New South Wales after Sydney and Newcastle, and the tenth-largest city in Australia. The city's current Lord Mayor is Gordon Bradbery AM who was elected in 2018.

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PKPC was established in 1996 pursuant to the State Owned Corporations Act, 1989 (NSW) and the Ports and Maritime Administration Act, 1995 (NSW).

In the 2011-2012 financial year, the port handled 32.2 million tonnes of cargo (a decrease of 1.4 million tonnes) and welcomed 1,010 vessels (a decrease of four on the results for the previous year). [2]

Ship Large buoyant watercraft

A ship is a large watercraft that travels the world's oceans and other sufficiently deep waterways, carrying passengers or goods, or in support of specialized missions, such as defense, research and fishing. Historically, a "ship" was a sailing vessel with at least three square-rigged masts and a full bowsprit. Ships are generally distinguished from boats, based on size, shape, load capacity, and tradition.

Corporation equity and ownership

Equity in the corporation is held jointly by the Treasurer of New South Wales and the Minister for Finance, Services & Property, who hold their shareholding in trust on behalf of the NSW Government.

Treasurer of New South Wales

The Treasurer of New South Wales, known from 1856 to 1959 as the Colonial Treasurer of New South Wales, is the minister in the Government of New South Wales responsible for government expenditure and revenue raising and is the head of the New South Wales Treasury. The Treasurer plays a key role in the economic policy of the government.

In April 2013, the NSW Government announced that it would be granting a 99-year lease to NSW Ports Consortium, whose partners are Industry Funds Management (including Cbus, HESTA and HOSTPLUS [3] ), AustralianSuper, QSuper, and Tawreed Investments $760 million. The lease was granted in conjunction with a lease over Sydney Ports Corporation's Port Botany port for $4.31 billion. Some employees of the Port Kembla Port Corporation are expected to transfer to the new private sector owner. The government pledged that $270 million of the sale proceeds be allocated towards infrastructure projects in the Illawarra region. [3] [4] [5] [6]

A 99-year lease was, under historic common law, the longest possible term of a lease of real property. It is no longer the law in most common law jurisdictions today, yet 99-year leases continue to be common as a matter of business practice and conventional wisdom.

Lease business contract between two parties, the lessor (owner) and lessee (user), for use of property

A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment is also leased.

Construction and Building Unions Superannuation (Cbus) is one of Australia's largest public offer industry superannuation funds. Cbus is run for the benefit of its members and does not pay dividends to shareholders.

Facilities under management

The growth of the Illawarra region, and of Sydney to the north, has created significant opportunities for the port's future development. In addition, the state government's intention to end Sydney Harbour's status as a working port will doubtless see Port Kembla and Port Botany pick up the slack.

Illawarra Region in New South Wales, Australia

Illawarra is a region in the Australian state of New South Wales. It is a coastal region situated immediately south of Sydney and north of the Shoalhaven or South Coast region. It encompasses the cities of Wollongong, Shellharbour and the town of Kiama.

Sydney City in New South Wales, Australia

Sydney is the state capital of New South Wales and the most populous city in Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Port Jackson and extends about 70 km (43.5 mi) on its periphery towards the Blue Mountains to the west, Hawkesbury to the north, the Royal National Park to the south and Macarthur to the south-west. Sydney is made up of 658 suburbs, 40 local government areas and 15 contiguous regions. Residents of the city are known as "Sydneysiders". As of June 2017, Sydney's estimated metropolitan population was 5,230,330 and is home to approximately 65% of the state's population.

Port Jackson Part of Sydney Harbour, Australia

Port Jackson, consisting of the waters of Sydney Harbour, Middle Harbour, North Harbour and the Lane Cove and Parramatta Rivers, is the ria or natural harbour of Sydney, New South Wales, Australia. The harbour is an inlet of the Tasman Sea. It is the location of the Sydney Opera House and Sydney Harbour Bridge. The location of the first European settlement and colony on the Australian mainland, Port Jackson has continued to play a key role in the history and development of Sydney.

Because the existing railway lines from Sydney and Moss Vale are too steep, congested and long, the PKPC and others are seeking to complete the Maldon-Dombarton line.

See also

Related Research Articles

South Coast Line rail service in New South Wales, Australia

The South Coast Line is an intercity rail service operated by NSW TrainLink that services the Illawarra region of New South Wales, Australia. The service runs from Central, and runs the entire length of the eponymous South Coast railway line to Bomaderry. The service also runs along the Eastern Suburbs railway line at peak hours and the Port Kembla railway line to Port Kembla. It is operated with NSW TrainLink H sets and Sydney Trains T sets, with Endeavour railcars operating the service on the non-electrified line between Kiama and Bomaderry.

Lysaghts railway station

Lysaghts is an intercity train station located in Spring Hill, Australia, on the South Coast railway line's Port Kembla branch. The station serves NSW TrainLink trains travelling south to Port Kembla and north to Wollongong and Sydney. The station is surrounded on both sides by the Lysaght factory at Spring Hill. Trains only stop on request. There is no way out of the station unless commuters work at the neighbouring steelworks.

Cringila railway station

Cringila is an intercity train station located in Cringila, Australia, on the South Coast railway line's Port Kembla branch. The station serves NSW TrainLink trains travelling south to Port Kembla and north to Wollongong and Sydney.

Port Kembla North railway station

Port Kembla North is a single-platform intercity train station located in Port Kembla, Australia, on the South Coast railway line's Port Kembla branch. The station serves NSW TrainLink trains travelling south to Port Kembla Station and north to Wollongong and Sydney. The station was one of 23 on the metropolitan rail network to record an average of fewer than one passenger per day in 2014.

Port Kembla railway station

Port Kembla is a single-platform intercity train terminal located in Port Kembla, Australia, on the South Coast railway line's Port Kembla branch. The station serves NSW TrainLink trains travelling north to Wollongong and Sydney. The station also serves as a stabling location for South Coast line trains.

Electoral district of Wollongong state electoral district of New South Wales, Australia

Wollongong is an electoral district of the Legislative Assembly in the Australian state of New South Wales. It is represented by Paul Scully of the Labor Party. Since a redistribution in 2013, it has covered an area of 79.25 square kilometres and includes the localities of Berkeley, Coachwood Park, Coniston, Cordeaux Heights, Corrimal, Cringila, Fairy Meadow, Farmborough Chase, Farmborough Heights, Figtree, Gwynneville, Kembla Grange, Kembla Heights, Kemblawarra, Lake Heights, Lindsay Heights, Mangerton, Mount Kembla, Mount Saint Thomas, North Wollongong, Port Kembla, Primbee, Spring Hill, Towradgi, Unanderra, Warrawong, West Wollongong, Windang, Wollongong.

Kembla was an electoral district of the Legislative Assembly in the Australian State of New South Wales for a single term from 1968 to 1971, named after the Mount Kembla or Port Kembla. It replaced part of Wollongong-Kembla and Illawarra and was replaced by Illawarra. Its only member was George Petersen.

Breakwater Battery

Breakwater Battery, was a coastal defence battery at Port Kembla, New South Wales, Australia during World War II.

New South Wales 70 class locomotive

The 70 class were a class of diesel-hydraulric locomotives built by Commonwealth Engineering, Granville for the New South Wales Government Railways in 1960/61. They were ordered to replace steam locomotives at Port Kembla.

Port Kembla Blacks

The Port Kembla Blacks were a Rugby League team from Port Kembla, New South Wales, Australia that competed in the Illawarra Rugby League competition from 1914 to 2008 before moving to the Group 7 Rugby League competition from 2013 to 2017.

Port Kembla (seaport) man-made cargo port in the Illawarra region of New South Wales, Australia

Port Kembla is a man-made cargo port or artificial harbour, with an outer harbour protected by breakwaters and an inner harbour constructed by dredging, located in the Illawarra region of New South Wales, Australia.

The D1 class were a class of diesel locomotives built by Commonwealth Engineering, Granville for Australian Iron & Steel's, Port Kembla steelworks in 1950-1951.

The D9 class were a class of diesel locomotives built by English Electric, Rocklea for Australian Iron & Steel's, Port Kembla steelworks between 1956 and 1960.

The D16 class are a class of diesel locomotives built by English Electric, Rocklea for Australian Iron & Steel's, Port Kembla steelworks between 1959 and 1964.

D34 was a diesel locomotive built by English Electric, Rocklea for Australian Iron & Steel's, Port Kembla steelworks in 1969.

The D35 class are a class of diesel locomotives built by English Electric, Rocklea for Australian Iron & Steel's, Port Kembla steelworks between 1971 and 1975.

Port Authority of New South Wales

The Port Authority of New South Wales, is a corporation owned by the State Government of New South Wales, Australia. The Port Authority acts as harbourmaster at the State's six commercial seaports, managing shipping movements, safety, security and emergency response. While major cargo handling facilities are operated by the private sector, the Port Authority continues to manage smaller facilities including Sydney's two cruise terminals, at Circular Quay and White Bay; common user berths at Sydney's Glebe Island and White Bay; and the regional ports at Eden and Yamba.

References

  1. 1 2 3 4 "Financial Report 2011/2012" (PDF). Port Kembla Port Corporation. 29 October 2012. Retrieved 23 March 2013.
  2. 1 2 "Annual Report 2011/2012" (PDF). Port Kembla Port Corporation. 29 October 2012. Retrieved 23 March 2013.
  3. 1 2 Humphries, Glen (13 April 2013). "$5 billion port windfall: what it means for us". Illawarra Mercury . Retrieved 13 April 2013.
  4. ↑ "Ports sale reaps 'historic' $5bn price for NSW". Australian Financial Review . 12 April 2013. Retrieved 13 April 2013.
  5. ↑ Nicholls, Sean (13 April 2013). "Ports sale adds $4.3b to coffers for key projects". The Sydney Morning Herald . Retrieved 13 April 2013.
  6. ↑ "Port Kembla and Botany leased for $5.07b". Illawarra Mercury . 12 April 2013. Retrieved 13 April 2013.
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