Port of Melbourne Sale Enters Second Round

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>

<< Jun 2018 >>
MTWTFSS
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

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >