A Chinese property firm has won the right to develop a 58-sq-mile (15,000-hectare) farming project in Australia, media reported on Wednesday, potentially adding to growing concerns over foreign investors buying farm land.
Shanghai Zhongfu Group, a little-known private company, has been granted a 50-year lease to develop the second stage of the Ord East Kimberley Expansion project in Western Australia state, the Australian newspaper said.
A spokesman for the state\'s minister for regional development said that a decision had not yet been reached. He declined to comment on the details of the story.
\"The state government hasn\'t made the decision and the announcement won\'t be made until next Tuesday,\" he said.
Shanghai Zhongfu Group, a little-known private company, has been granted a 50-year lease to develop the second stage of the Ord East Kimberley Expansion project in Western Australia state, the Australian newspaper said.
A spokesman for the state\'s minister for regional development said that a decision had not yet been reached. He declined to comment on the details of the story.
\"The state government hasn\'t made the decision and the announcement won\'t be made until next Tuesday,\" he said.