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The Port of Brisbane is Australia's third-largest container port. Each year, the port handles international cargo valued at $50 billion.
The Port of Brisbane is Australia's third-largest container port. Each year, the port handles international cargo valued at $50 billion.
(Handout/CNW Group/Caisse de dépôt et placement du Québec)

Caisse snags Australian port, looks to Asia for growth

Institutional investors have shown an appetite for Australian infrastructure investments in recent years and La Caisse de dépôt et placement du Québec’s latest purchase shows the hunger hasn’t yet abated.

The pension fund portfolio manager said Thursday that it would take on a 26.7-per-cent stake in the Port of Brisbane, the largest general cargo port in Australia’s Queensland area, and the third-largest container port in the country. The investment is reportedly worth about $1-billion.