PRIVATIZATION – GOVERNMENT POLICY – VICTORIA

Allan’s water bombshell: Secret Labor privatisation plan

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Original article by Anthony Galloway
The Australian – Page: 1 & 6 : 5-Aug-26

Confidential cabinet documents show that Victoria’s Department of Treasury & Finance has been considering the privatisation of Melbourne Water since 2021. The documents also reveal that former premier Jacinta Allan and senior government ministers approved a business case in 2024 to investigate a partial sale of Melbourne Water. Reducing the state’s debt was cited as a key driver of the push to bring private investment into the water utility; however, some submissions on the proposal expressed concern about a voter backlash due to the perception that water infrastructure is a public asset. The proposal was put on hold but subsequently revived earlier this year, with the government appointing EY to examine options for privatising Melbourne Water.

CORPORATES
MELBOURNE WATER CORPORATION, VICTORIA. DEPT OF TREASURY AND FINANCE, VICTORIA. DEPT OF PREMIER AND CABINET, ERNST AND YOUNG

Record $9.7b port sale rides boom

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Original article by Patrick Durkin, Jenny Wiggins, Sarah Thompson, Anthony Macdonald
The Australian Financial Review – Page: 1 & 26 : 20-Sep-16

The Victorian Government had expected to gain between $A5bn and $A7bn from the privatisation of the Port of Melbourne. The $A9.7bn deal with the Lonsdale Consortium reflects an EBITDA multiple of 25 times earnings, while the State Government will also receive a payment of $A1.45bn from its federal counterpart under the asset-recycling scheme. Proceeds of the sale of the port’s 50-year lease will be reinvested in road and rail infrastructure, including the Government’s level crossing removal program.

CORPORATES
PORT OF MELBOURNE, LONSDALE CONSORTIUM, AUSTRALIA. FUTURE FUND MANAGEMENT AGENCY, QIC LIMITED, GLOBAL INFRASTRUCTURE PARTNERS, ONTARIO MUNICIPAL EMPLOYEES RETIREMENT BOARD, VICTORIA. DEPT OF TREASURY AND FINANCE, PORT BOTANY, PORT KEMBLA, INFRASTRUCTURE PARTNERSHIPS AUSTRALIA, IFM INVESTORS PTY LTD, GIP AUSTRALIA