Port of Melbourne




PROJECT
PIPELINE
STATUS

Prospective pipeline

Credibly proposed

Announced

Under procurement

Preferred bidder announced

Recently closed
Port of Melbourne
STATUS

Prospective pipeline

Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.

Credibly proposed

The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.   

Announced

The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.

Under procurement

The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).

Preferred bidder announced

A preferred bidder has been selected and is in exclusive negotiations.

Recently closed

Projects that have progressed to contractual close remain on ANZIP for 12 months.

ANZIP is focused only on major infrastructure activity, above the following thresholds:

Australia

Construction projects: > AUD$300m

Investable greenfield & brownfield: > AUD$100m

New Zealand

All greenfield and brownfield projects and divestments: > NZD $100 million


STATUS: Recently closed
VALUE: $9.7bn AUD
SECTOR: Other transport
JURISDICTION: VIC
TYPE: Brownfield

The Victorian Government has leased the Port of Melbourne, Australia’s largest maritime hub for containerised, automotive and general cargo, for a term of 50 years, realising $9.7 billion in gross capital proceeds. The deal between the Government and the Lonsdale Consortium, comprising the Future Fund, QIC, Global Infrastructure Partners (GIP) and OMERS, represented a multiple of 25 times gross annual earnings (EBITDA) - an amount well above analysts' expectations.

Lease proceeds have been earmarked for the Victorian Transport Fund, supporting projects including the circa $6 billion Level Crossing Removal Programme and circa $11 billion Melbourne Metro, amongst others. The lease will attract a bonus payment from the Commonwealth Government’s the Asset Recycling Initiative.

The State Government will retain responsibility for the Harbour Master, Station Pier, relevant safety and environmental regulation, waterside emergency management and marine pollution response. Morgan Stanley and Flagstaff Partners served as the State’s financial advisers on the deal.


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Government sponsors

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