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Surprise! Port of Melbourne’s privatisation gouges users

January 14, 2020 - 13:00 -- Admin

In 2016, the Victorian Government privatised the Port of Melbourne via a 50-year lease, which raked in $9.7 billion directly, plus another $1.45 billion earned via the federal government’s asset recycling program, thus taking the total sale proceeds to just over $11 billion. However, the sale of the Port of Melbourne also raised genuine competition

The post Surprise! Port of Melbourne’s privatisation gouges users appeared first on MacroBusiness.

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