Global Investors Bet $7.3 Billion on Australia’s Busiest PortBy , , and
Port of Melbourne handles 2.6 million containers a year
Victoria state to use funds for rail and road projects
A group of global investors including QIC Ltd. agreed to pay A$9.7 billion ($7.3 billion) to run Australia’s busiest maritime hub for 50 years, betting on steady income from the port’s daily stream of containers and new cars.
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