The Australasian Railway Association (ARA) has hailed the Victorian government’s planned sale of Australia’s busiest port for containerised and general cargo, the Port of Melbourne.
Following the Victorian government’s announcement that it intends to sell the long-term lease of the Port, the ARA has suggested that the income from the sale should be reinvested into vital transport infrastructure around the state and “in particular Melbourne”.
The announcement of the sale came in early March 2014 when Victorian Treasurer Michael O’Brien said that the state government is “investigating the strategic and commercial options for the future of Victoria’s state-owned ports”.
Mr O’Brien said the state government is “carefully considering” the future of Victoria’s port assets to ensure they deliver the “best return” to Victorian taxpayers.
As the sale is expected to make significant financial returns Victoria, the ARA has called upon the state government to use the proceeds of the sale to open up reinvestment opportunities into transport infrastructure “which boost economic activity”.
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i have mentioned this on another forum. some proceeds from the sale of the port of melbourne should be directed to upgrading the ports rail links for the more efficient movement of goods to and from the port.