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Australia & New Zealand / Filtration

NSW presses on with sale of $2bn desalination plant lease

May 08, 2012
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Despite Australia’s government announcement that the there are drought-free for the first time in a decade hasn''t hurt the New South Wales Office of the Treasurer''s moves to sell the long-term lease of Sydney''s desalination plant that is worth up to $2 billion, reports The Wall Street Journal.

Bids were received from Australian-listed Spark Infrastructure Group, advised by Credit Suisse and Deustche Bank; Macquarie Capital-advised Industry Funds Management; and Hastings Funds Management and Ontario Teachers’ Pension Plan, advised by Morgan Stanley and Royal Bank of Canada, three people familiar with the matter told Deal Journal Australia.

The successful bidder is expected to be announced as early as mid-May, ahead of the New South Wales state budget on June 12.

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