Leaked Docs Reveal Chinese Government-Backed Firm’s Deal To Build Island Off Coast Of Australia

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A Chinese company proposed a nearly $40 billion project to construct an island less than 150 miles away from the northern tip of Australia.
It’s “likely to make Australian national security analysts nervous,” the Daily Mail notes given the island’s proximity to Australia:
The plan revealed in leaked documents would see a shining new city constructed on the Island of Daru in Papua New Guinea - just 200km north of Australia's Cape York in the Torres Strait
DAILY MAIL GRAPHIC.
The proposal, revealed via leaked documents, would lead to a city constructed by Chinese Communist Party-backed WYW Holding Limited on Daru Island in Papua New Guinea.
The island would include a seaport, industrial zone, commercial business precinct as well as resorts and residential sectors.

“Under the proposal for New Daru City, the potential deal would be predicated on an agreed Sovereign Guarantee based on a long-term BOT [Build Operate Transfer] contract. This means the Communist Party-backed firm would have total ownership of the venture for a designated period of time yet to be determined,” the Daily Mail notes.




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Natalie Winters is an Investigative Reporter at the National Pulse and contributor to The National Pulse podcast.


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