"The Queensland government yesterday completed the second sale in its asset privatisation program, offloading the Port of Brisbane for $2.3 billion to a group of local and offshore buyers”, the November 11 Courier-Mail said.
The port was sold to a consortium called Q Port Holdings, one of only two bidders in the final race to buy the asset. Q Port Holdings will pay $2.1 billion for a 99-year lease on the port and $200 million for future upgrades of the port’s motorway.