Ports and Logistics

Three bids in for Melbourne port

Three joint ventures have bid for a 50-year lease at Australia’s port of Melbourne, according to Reuters. The long path to privatising Australia’s largest container terminal has been batted around local politicians for many months. The deal is expected to net the Victorian state government A$5.3bn ($4.1bn).

Australian bank Macquarie Group’s Macquarie Infrastructure and Real Assets fund has linked up with domestic infrastructure fund IFM Investors and Dutch pension fund APG for one bid. Another venture sees Australian fund QIC and Canada’s Borealis Infrastructure Trust joing forces. A third consortium is made up of Australian fund Hastings with Kuwait’s Wren House.

Tags

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button
Close
Close