Australia is tightening scrutiny of sales of ports, electricity networks and other key public infrastructure to foreign investors following a backlash sparked by the controversial lease of Darwin port to a Chinese company.
“From March 31, the Foreign Investment Review Board will formally review critical infrastructure assets sold by state and territory government,” said Scott Morrison, Australia’s treasurer.
He said the process would ensure future sales to privately-owned investors are properly scrutinised, citing the looming sales of Melbourne and Utah Point ports, and New South Wales electricity networks as examples.
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