SYDNEY, Australia (AFP) — An Australian-led consortium with Chinese investment won a 50-year-lease Monday on the nation’s biggest container and cargo port for Aus$9.7 billion (US$7.3 billion), the latest maritime asset to be privatised. The Port of Melbourne, which deals with more than 3,000 ships annually, was snapped up by a consortium including Australia’s second-largest wholesale funds manager the Queensland Investment Corporation (QIC) and multinational firm Global Infrastructure Partners (GIP). The Australian newspaper reported that GIP […]





