Fremantle Port is gaining great interest in its privatization deal, by as early as Jan 2016.
Interest is high in what is likely to be Australia’s fourth and final big container port privatisation and it is understood potential buyers have been in touch with Western Australian government officials in recent weeks, seeking clarification on a number of important issues which will determine the port’s appeal and likely value.
PFL and the outer harbour will be key consideration in this lease deal of the FPA. Profit are up the container business is growing at over 6% annually.
Our new PM has stated he still supports the PFL funding model, stage one is finalized and interested parties are looking at stage 2 to further drive the price of the FPA operation.
WA stands to make a great windfall in the lease of Fremantle Port, freeing up funds generated in the lease deal for developing public transport (PT) which is a direction the new PM Turnball would like to see with use of the funds raised by leasing assets like the FPA.
Of course a minority group are against the PFL which could impact the final lease revenue generated for the port which could means less funds for Perth’s public transport infrastructure.
Sadly due to the Fremantle councils negative attitude for development in fremantle ( bar a select few) the PFL is likely to just be a truck route for the port instead of a positive development, improving locals road safety, lessening congestion and lowering pollution for our suburbs.
Guess theirs no donation for election campaigns for the right people, in the PFL so it looks like it will not be getting the golden tick of approval. Maybe if it started or finished at a mirco brewery it would get a look in?