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Port Of Melbourne Lease Transaction Process Begins

Treasurer Tim Pallas today launched the formal transaction process for the 50-year lease of the Port of Melbourne.

Lease proceeds will allow the Andrews Labor Government to get on with removing 50 of our worst level crossings, creating thousands of jobs, and building key infrastructure initiatives in our cities and regions.

A new $200 million Agriculture Infrastructure and Jobs Fund will also be established, as part of the Labor Government’s significant focus on rural and regional Victoria.

This will drive economic growth in our regions, boosting exports and supporting Victorian farmers from paddock to port.

Expressions of Interest for the 50-year lease is the first step in shortlisting qualified parties, who will be invited to submit final proposals for the Port.

The Government expects to announce a preferred leaseholder before the end of 2016.

The Delivering Victorian Infrastructure (Port of Melbourne Lease Transaction) Bill 2015, was passed by the Victorian Parliament on 10 March 2016.

Parties that are interested in participating in the transaction and receiving a copy of the Victorian Government’s Request for Expressions of Interest should email [email protected]

The deadline for lodging responses to the Victorian Government’s Request for Expressions of Interest is 10.00 am on Monday 18 April 2016 (AEST).

Morgan Stanley and Flagstaff Partners are the State’s Financial Advisers for the Port of Melbourne lease transaction.

Source: News Release, Victorian Government, 21 March, 2016

http://www.premier.vic.gov.au/port-of-melbourne-lease-transaction-process-begins/