Port of Melbourne Sale Enters Second Round

Image Courtesy: AMSA

The sale of Australia’s port of Melbourne has entered the second round as the letters with details on the second stage of the process were sent out on Friday, The Australian reported.

The bidders for the second round of the sale of a 50-year lease of the Port of Melbourne include two local bidding consortiums, namely, the Macquarie Capital-advised IFM, MIRA and APG consortium, the Credit Suisse and Gresham-backed bidding group comprising Queensland Investment Corporation, Borealis and Global Infrastructure Partners, as well as a Chinese bidder China Merchants, which was earlier confirmed as the third bidder for the Port of Melbourne.

The second round of bids for the port of Melbourne are due in September, The Australian noted.

In March 2016, the Victorian government launched the tender for the expression of interest for the sale, some two weeks after the passage  of the Port of Melbourne Lease Transaction Bill 2015.

The government earlier said that it expects to announce a preferred leaseholder before the end of 2016.

The lease proceeds, set at AUD 6 billion (USD 4.5 billion), are intended to be used for removing 50 of the state’s worst level crossings and building key infrastructure initiatives in addition to the establishment of a new AUD 200 million Agriculture Infrastructure and Jobs Fund.

In June 2015, the sale of the port hit a snag as the process encountered opposition from the Liberal-National coalition, which said said it would not support the sale in the upper house and would recommend the proposal to be referred to a parliamentary inquiry.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2018 >>
MTWTFSS
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 3 4

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >