Freo's View

FREMANTLE PORT SALE WORTH $ 2.5 BILLION

Posted in fremantle, fremantle ports, perth freight link, state government, western australia by freoview on September 20, 2016

The recent sale of the Port of Melbourne gives hope that the planned sale/49-year lease of Fremantle Port might be worth $ 2.5 billion for the cash-strapped WA government.

The Melbourne port which handles 36 percent of the national container volumes, was bought by a consortium, so the Freo port, which handles 10.4 per cent of the national volumes, could well be an attractive buy in the current economic climate.

Interesting to read in the West today that WA Premier Colin Barnett is lukewarm on going ahead with the Perth Freight Link. One has to wonder though if that is because a state election is due soon.

Roel Loopers

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  1. Edward Lewis said, on September 21, 2016 at 1:27 pm

    It’s also to undermine Nalder, who has staked his political career firmly to a Beeliar Wetlands Tree.

  2. Steve said, on September 20, 2016 at 9:56 am

    He’s probably against it because he sees the wonky book cooking that is going on to try and justify the project, and knows that the numbers got out, or if the project gets underway and starts failing then all the dirty laundry will come out. If I was a lawyer I would be licking my lips at all of the potential for lawsuits that come with this project – ripe for litigation.

    Only in WA would you see justification like “if we don’t spend money we will have an even bigger hole in our budget. The only way we can get ourselves out of this debt is to spend out way out of it”…

    Mr Nalder said at the weekend that Cabinet had signed off on the full freight link and made an agreement with Canberra over funding. He warned that without the project, there would be a $1.2 billion hole in the Budget that was already on track to be in deficit for the next three years.
    https://au.news.yahoo.com/thewest/wa/a/32668486/premier-still-lukewarm-over-freight-link/#page1


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