Spend cash on rail corridor, not consultants, says Brisbane Port CEO
Port of Brisbane CEO Roy Cummins has called on the Federal government to set aside cash for a dedicated freight rail link
Port of Brisbane CEO Roy Cummins has called on the Federal government to set aside cash for a dedicated freight rail link
China's CIC's $1.2 billion stake in the Port of Melbourne is the latest in a long line of Australian investments.
The sale is a classic case of orthodox or even "neo-liberal" economic policy that will benefit the citizens of Victoria.
Victorian Treasurer Tim Pallas admits the record $11 billion windfall gain delivered by the Port of Melbourne sale eclipsed their expectations, in a sign of unprecedented global demand for Australian infrastructure assets.
The Port of Melbourne's new owners expect the container port will eventually be fully automated as they prepare to invest.
A 50-year lease over a monopoly asset is a rare and valuable commodity. But sheesh, $9.7 billion.
The QIC Ltd-led consortium, which includes The Future Fund, Global Infrastructure Partners and Canada's Borealis Infrastructure, is poised to win the auction for Port of Melbourne, sources told Street Talk on Monday.
Now that Qube has sealed its hard-fought acquisition of national stevedore Patrick, the pressure is on.
Patrick ports' new management team is facing an early test of its powers to boost the market share of its east coast container terminals
Lakes Oil's past and future have been trashed by Victoria's rejection of conventional petroleum drilling technologies.
Qube is set to raise $200 million in a rare sale of listed corporate debt to individual investors.
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