Borealis Infrastructure among bidders for Australia's Port of Melbourne
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, sources told Reuters. The state government of Victoria aims to raise at least A$5.3 billion (US$4.1 billion) before the end of 2016, as part of a broader Australian government privatization program to help cut debt and upgrade the country's infrastructure. Canada's Borealis Infrastructure Trust is a member of one of the bidding groups, the sources said.
18 April 2016•2 mins read
