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2010 November 11   08:22

Queensland Govt announces Port of Brisbane sale

The Queensland Government yesterday announced that the documents were signed for the 99-year lease of the Port of Brisbane Pty Ltd to the Q Port Holdings Consortium, CEO Jeff Coleman's statement said.

According to seatreadeasia-online the port is sold for AUD2.1bn. Q Port Holdings will reportedly invest A$200m in Port of Brisbane motorway.

Q Port Holdings includes major stakeholders Global Infrastructure Partners (GIP), Industry Funds Management (IFM) and funds managed by QIC Limited (QIC), and a minority stake held by Tawreed Investments Ltd., a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA).

The Port of Brisbane is Australia’s fastest growing container port, and Queensland’s largest general cargo port. The Port of Brisbane is located at the mouth of the Brisbane River, and since 1976 has been managed by the Port of Brisbane Corporation Limited (the Corporation), a Government Owned Corporation.

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