privatization

With growing scrutiny of rising debt levels in Australia’s state governments, the stage is set for another round of privatisations.

The government believes worsening borrowing conditions and lower traffic on the roads offered failed to attract investor interest.

Investors are unhappy about the short time given to prepare the bids, which are due 14 February.

The fatal collapse indicates a public-private failure. But confronting the formidable challenges of maintaining ageing infrastructure will require more – not less – public-private cooperation.

I Squared, Brookfield and CPPIB are among the high-profile investors considering a bid for the 30-year concession of eight toll roads, Invest India says.

To meet today's deadline, the Transurban-led team had to submit a conditional bid for WestConnex without knowing if it will receive clearance from the competition watchdog in September.

The government’s decision to keep a 23 July bid deadline for the sale of Sydney Motorway Corp would require Transurban to submit before the competition watchdog issues its ruling on the move in September.

The ACCC’s continued competition concerns and the postponement of its decision until September could also delay the sale process of the toll road operator, with final bids due on 23 July.

A Cbus-First State Super partnership will take on a MIRA-Sunsuper bid for the state’s land title business.