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Port of Melbourne sale illustrates Canadian investors’ desire for infrastructure Add to ...

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Australia’s government infrastructure sales are reaching new heights with Canadian investors.

The Port of Melbourne, Australia’s largest shipping gateway, was sold off in a 50-year lease to a consortium of local and international bidders on Monday for more than $9.7-billion Australian ($9.6-billion Canadian) – soaring over the conservative $6-billion (Australian) the government had initially targeted for the sale, according to local reports.

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