Victorians Want Best Value for Money from Melbourne’s Lease

Port of Melbourne

The Victorian Coalition Government has today announced the appointment of financial and legal advisers to oversee the market process for a medium term lease of Australia’s largest container port, the Port of Melbourne.


“The financial and legal advisers will be involved project management, structuring for the transaction, due diligence, valuation and asset preparation”

The Coalition Government has appointed joint financial advisers Morgan Stanley and Flagstaff Partners to manage the transaction. Minter Ellison has been appointed as legal adviser for the transaction.

“Today’s announcement is an important step in securing the best value for Victorians through a medium-term lease of the Port of Melbourne,” Mr O’Brien said.

“It is absolutely critical that we receive the best quality commercial advice when considering a lease of this size and scale.”

“The proceeds from the lease of the Port of Melbourne will support the delivery of the Coalition Government’s record $27 billion infrastructure program that will create tens of thousands of jobs right across Victoria,” Mr O’Brien said.

Minister for Ports David Hodgett said that a medium term lease of the Port of Melbourne supports the Coalition Government’s integrated ports strategy, which will meet the State’s long term container needs.

“It is vital that as part of leasing the Port of Melbourne the Coalition Government is able to continue developing the Port of Hastings to cater for Victoria’s long term freight needs,” Mr Hodgett said.

“The Coalition Government will continue to develop both the Port of Melbourne and Port of Hastings together, strategically, to ensure Victoria remains the freight and logistics capital of Australia,” Mr O’Brien said.

Press Release, August 13, 2014; Image: Port of Melbourne Corporation




Share this article

Follow World Maritime News

In Depth>

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

Defence Safety Conference 2019

The Defence Safety Conference returns to London this October as the only event solely dedicated to enhancing safety across all aspects of defence.

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

3rd MarSat Workshop

The MARSAT project wants to operationalise and standardise EO products and aims to develop…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >