Abbot Point Coal Terminal up for sale

The Queensland Government is closing bids today for the sale of the Abbot Point Coal Terminal.

The Abbot Point privitisation is expected to bring in nearly $2 billion for a 99 year lease of the coal port, according to the Sydney Morning Herald.

This coal terminal is the final of five divestments by the Queensland Government after the listing of QR National, as well as the 99 year leases for the Port of Brisbane and Forestry Plantations.

The lease, which does not include stockpile land or jetty and wharf infrastructure, has attracted a number of interested international parties.

While the completion of the lease is still a few months away, the State Government is aiming to conclude it as soon as possible.

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