Australia’s Busiest Port Sold for $7.3 Billion

By Cecile Lefort and Byron Kaye SYDNEY, Sept 19 (Reuters) - A consortium of global and domestic funds, backed by investors including China Investment Corp, agreed to buy Australia's busiest port for a higher-than-expected A$9.7 billion ($7.3 billion), a sign that tough equity markets are helping fuel appetite for infrastructure. Australian leaders will also hope the deal … [Read more...]

Australia Funds Lead Bids for $4.1 Billion Port of Melbourne Sale

By Swati Pandey SYDNEY, April 18 (Reuters) - Three consortia of Australian and international funds have submitted bids for a 50-year lease of the Port of Melbourne, Australia's biggest shipping container terminal, people familiar with the matter said on Monday. The state government of Victoria aims to raise at least A$5.3 billion ($4.1 billion) before the end of 2016, as … [Read more...]

Australia Greenlights Plan for Port of Melbourne Logistics Hub

SYDNEY, March 10 (Reuters) - Australia passed legislation on Thursday to enable the longterm lease of its largest shipping container terminal, the Port of Melbourne, freeing up privatisation plans to move ahead after months of political headwinds. Investors from China to Qatar are flocking to Australian infrastructure because it is seen as well-regulated and predictable, … [Read more...]