Aussie infrastructure up for sale

Global infrastructure funds could pay top dollar as Australia’s electricity assets go under the hammer.

Aussie infrastructure up for sale

Under pressure to ease Sydney’s snarling traffic jams by building more roads, the state government of New South Wales has set up an infrastructure fund and plans to sell assets.

Last month it flagged the possible sale of its electricity distribution and transmission assets, with an enterprise value of around A$40 billion $37.5 billion. Added to similar businesses in the state of Queensland, where local politicians have signalled a preference for private sector participation,...

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