Enes
Moscow
WINNER OF THE RF MINSTROY MEDIA COMPETITION 2016
Go to mobile

All news

ARCHIVE NEWS

«    December 2017    »
MonTueWedThuFriSatSun
 123
45678910
11121314151617
18192021222324
25262728293031

China makes its major investment in Australian infrastructure

logo russianconstruction.com
China makes its major investment in Australian infrastructure

CIC Capital, China’s sovereign wealth fund, made a multibillion-dollar investment in infrastructure assets of Australia, Theaustralian.com.au reports on Monday.


The Fund will allocate $9.7 billion for a 50-year lease over Melbourne port in Australia and received a “conditional approval” for the lease on the part of the Foreign Investment Review Board.

Business and industry groups welcomed the project, which sale price is almost twice the original estimates.

This deal is the biggest privatization one concluded in Australian south-eastern state of Victoria for 20 years.

China is increasingly interested in investing in Australia, mostly is real estate. However, Beijing’s strategy to acquire ports assets all around the world spreads to Australia as well.

Related publications

PARTNERS

UP