BUYERS WANTED: Australia’s Busiest Container and Cargo Port
The lease on the Port of Melbourne is for sale. The asset could fetch A$ 5 billion. The Port of Melbourne, covers an area at the mouth of the Yarra River, is Australia’s busiest container and cargo port. The port handles around 2.5 million containers per annum, approximately 36% of Australia’s container trade. Since July 2003, the port has been managed by state-owned Port of Melbourne Corporation. The seller, Victorian government, is being advised by Morgan Stanley and Melbourne-based Flagstaff Partners Pty Ltd. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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