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2010 October 5   08:57

Adani to bid for Port of Brisbane

Adani Group is expected to lodge a bid in the AUD 2 billion privatization of Australia's state owned Port of Brisbane.

The Australian newspaper in an unsourced reported that it had learned that Adani was also expected to bid ahead of a deadline late this month.

The report further said that two other groups led by Morgan Stanley Infrastructure Fund and Global Infrastructure Partners have lodged indicative bids for the port.

The paper said that Adani manages India's largest private port at the Mundra Port and Special Economic Zone, making it a logical owner and manager of the Port of Brisbane in Queensland State.

It also noted Adani had already been granted the right to develop a new coal port at Dudgeon Point in north Queensland, near the existing Dalrymple Bay facilities.

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