• About
  • Advertise
  • Subscribe
  • Contact
  • Events
Thursday, May 8, 2025
Newsletter
SUBSCRIBE
  • News
  • Ports
  • Rail
  • Roads
  • Airport
  • Utilities
  • Urban
  • State by state
    • NSW
    • NT
    • QLD
    • SA
    • TAS
    • VIC
    • WA
  • Events
No Results
View All Results
  • News
  • Ports
  • Rail
  • Roads
  • Airport
  • Utilities
  • Urban
  • State by state
    • NSW
    • NT
    • QLD
    • SA
    • TAS
    • VIC
    • WA
  • Events
No Results
View All Results
Home

Leasing the Port of Melbourne

by Staff Writer
March 21, 2016
in Ports, VIC
Reading Time: 2 mins read
A A
Share on FacebookShare on Twitter

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

The proceeds of the lease will go towards key infrastructure initiatives across the state including the removal of 50 dangerous level crossings.

“The lease will make our port even better, increasing efficiencies and competitiveness, and will reinforce Victoria’s position as the freight and logistics capital of the nation,” Mr Pallas said.

“We’re moving to market quickly because of the strong bidder interest in the Port of Melbourne and we’re confident the lease will deliver significant, long-term economic benefit to Victorians.”

The first step in the leasing process involves the submission of expressions of interest, from which a shortlist of qualified parties will be created.

The parties will then be invited to submit final proposals for the Port.

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

This will drive economic growth in the region, boost exports and support Victorian farmers from paddock to port.

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

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

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

Related Posts

Image: Inland Rail

Inland Rail unveils upgrades

by Tim Hall
April 30, 2025

Detailed designs for two major infrastructure upgrades near Broadford have been released, giving engineers and contractors a clearer view of...

Image: stock.adobe.com/david hutchinson

Port of Melbourne plans for growth in 2055 strategy

by Tim Hall
April 29, 2025

The Port of Melbourne has unveiled its Draft 2055 Port Development Strategy (PDS), laying out a roadmap to ensure Australia's...

Image Credit: Infrastructure Victoria

Call for overhaul to support health

by Tim Hall
April 24, 2025

Infrastructure Victoria says vital works are needed to support the health of vulnerable residents. Up to $150 million in capital...

Read our magazine

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.
Infrastructure is an industry-leading magazine that brings together asset owners, statutory bodies, consulting engineers and first-tier contractors to explore the biggest news and issues across the infrastructure industry. Infrastructure is integrated across print and online and covers the latest in road, rail, airports, ports, utility and urban infrastructure.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About Infrastructure

  • Advertise
  • About
  • Contact
  • Subscribe
  • Magazine
  • Events
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • News
  • Projects
  • Transport
  • Civil Construction
  • Roads
  • Rail
  • Spotlight
  • Planning

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
SUBSCRIBE
  • News
  • Ports
  • Rail
  • Roads
  • Airport
  • Utilities
  • Urban
  • State by state
    • NSW
    • NT
    • QLD
    • SA
    • TAS
    • VIC
    • WA
  • Events
  • About
  • Advertise
  • Contact
  • Subscribe

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited