Posted on March 14, 2016
Australia passed legislation on Thursday to enable the long-term lease of its largest shipping container terminal, the Port of Melbourne, freeing up privatization 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, offering a reprieve from volatility in commodity and equity markets.
“The Labor government has negotiated in good faith to reach agreement on a bill that delivers a strong offering to the market and a positive economic benefit for all Victorians,” state treasurer Tim Pallas said in a statement, announcing passage of the law.
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