Independent journal on economy and transport policy
13:31 GMT+1
Victorian Government makes significant concession on port privatisation plan
(ABC Online)
February 25, 2016
By Jean Edwards
ABC Online
The Victorian Government has caved in to Opposition demands and offered to slash the length of its compensation regime, in a last-ditch bid to reach a deal to privatise the Port of Melbourne.
In a major concession, the Government agreed to change a controversial clause that would entitle the leaseholder to a payout if a rival port was developed from an initial 50 years to 15, ensuring the provision would expire in about 2031 ...... Read more on ABC Online
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