Mohammadi News Agency News – Features – Photo
MNA International Desk: An Australian-led consortium won a 50-year-lease on the nation’s biggest container and cargo port – Port of Melbourne for Aus$9.7 billion (US$7.3 billion), the latest maritime asset to be privatized. The Port of Melbourne, which deals with more than 3,000 ships annually, was snapped up by a consortium including Australia’s second-largest wholesale funds manager the Queensland Investment Corporation and multinational firm Global Infrastructure Partners. The price tag was well above expectations with the Victorian state government initially expecting Aus$6 billion for one of Australasia’s largest maritime hubs for containerized, automotive and general cargo. “The lease, worth in ...
Read More »Port of Melbourne sold for $7.3 billion
