Sale of Amadeus Pipeline costly for taxpayers: NT Treasurer

The former government could have bought the pipeline in 2011 for $57.8 million, but instead entered into what Mr Tollner said was an uncompetitive, 25-year long-term lease that will ultimately cost twice as much.

“But not only that, they signed up for a lease deal that was $6 million a year higher than Power and Water thought was a competitive price,” Mr Tollner said.

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