- The sale of the Port of Melbourne took place in October 2016 for an estimated USD7.3bn (Sydney Morning Herald). The purchase by a consortium of investors including the Future Fund, Queensland Investment Corporation, Global Infrastructure Partners and OMERS represents the latest in a string of privatisations in Australia, with regional governments attempting to raise capital for transport infrastructure spending, which will aid all the freight modes.
- We forecast Australia's exports and imports (real growth) will grow by 3.2% in 2017. Exports are set to increase by 6.8% y-o-y, while imports will see a slight contraction of 0.5%.
- We forecast y-o-y road freight growth to come in at 3.0% in 2017 to reach 2,252mn tonnes, down ever so slightly on 2016's annual gains of 3.1%.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/australia-freight-transport-and-shipping-report-q1-2017-300380630.html