| Bidders are quietly lining up as Australia’s New South Wales (NSW) government pushes forward on a plan selling leases on select infrastructure. NSW Premier Michael “Mike” Baird won a late March election, giving him a mandate to move forward with the lease sales. Essentially, the state government seeks to lease A$ 20 billion worth of infrastructure which includes nearly 50% of its electricity network, port leases and a water desalinization plant.
The sales process has been in the works. In 2014, NSW government hired Deutsche Bank and UBS Group AG as financial advisers regarding the sale of a 99-year lease to operate Transgrid, Australia’s biggest electricity transmission network. Other distribution network leases for sale are Ausgrid (50.4%) and Endeavour Energy (50.4%)...............................................Full Article: Source
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