“The port in this remote northern Australian outpost is little more than a graying old wharf jutting into crocodile-infested waters. On a recent day, there was stifling heat but not a ship in sight. ‘Our pissy little port,’ as John Robinson, a flamboyant local tycoon, calls it. The financially hurting government of the Northern Territory was happy to lease it to a Chinese company in October for the bargain price of $361 million, raising money for local infrastructure projects.”
Source: U.S. Casts Wary Eye on Australian Port Leased by Chinese – The New York Times
