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>

<< May 2019 >>
MTWTFSS
29 30 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 31 1 2

Global Sustainable Shipping Forum 2019

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

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >