QUEENSLAND Premier Anna Bligh says Port of Brisbane’s shipping terminal will be sold as the state continues fighting the financial crisis.
The assets to be sold include the port at Fisherman’s Island, and possibly the port’s major land holdings, Eagle Farm and Hamilton. This could bring in around $3.5b.
According to the Premier, none of the assets are linked to public services, but the money from the sale can be used to pay for the infrastructure and services needed by Queensland.
The Queensland state government has retained ownership of a portfolio of assets. The Premier says the government will keep the majority of them in public hands, but will sell others for financial benefits to taxpayers.
The Port of Brisbane Corporation is a Government owned corporation with total net assets worth $2.4b. The Port of Bundaberg, also owned by the Port of Brisbane Corporation, will be transferred to the Gladstone Ports Corporation and remain a Government-owned asset.
More than 30m tonnes of commodities pass through the Port of Brisbane every year, and the Queensland government says it is an extremely attractive asset for the private sector.
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