Port Darwin
The then Country Liberal-controlled Northern Territory Government under then Chief Minister Adam Giles granted the company a 99-year lease for A$506 million.[4][5] The contract price is more than 25 times the profit the port had earned over the preceding two years, and Landbridge also promised to invest A$200 million over a 25-year period.[3] It was hoped that Landbridge's bid would result in new trade routes opening up for the Territory's cattle, mining and gas industries.[10][11][12][13][14] Concerns have also been expressed over the proximity of the port to a base where United States Marines are stationed on a rotational basis and to the Darwin International Airport, which is used jointly for military and civilian purposes.[16] In August 2019, a proposal was launched by Federal Labor MP Nick Champion to re-nationalise the port, thereby ending Chinese control.