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$6?billion Oakajee Port and Rail Project has come to a halt...

  1. 115 Posts.
    $6?billion Oakajee Port and Rail Project has come to a halt after the japanese and chinese couldnt agree
    WA Premier Colin Barnett said fallout from the dispute between Japan and China over the ownership of islands in the East China Sea had not been widely understood.

    “It is not only a political dispute, it is one that has economic ramifications,” he said on Thursday.

    “Mitsubishi explained to me that Chinese customers in China were avoiding buying Japanese-labelled goods.”

    The Japanese trading house’s efforts to reinvigorate Oakajee have been further stymied by falling iron ore prices and global economic volatility.
    so looks like japan need a JV partner and china arnt playing so i would not look to japan for a bid here!
 
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