The federal government will help fund a $500 million-plus upgrade to the Whyalla steelworks if a new buyer can be found after the South Australian government seized control of the plant from Sanjeev Gupta and brought in insolvency experts KordaMentha to run the troubled operations.
The upgrade will be part of a broader support package believed to be worth around $2 billion.
Loading...
Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
