WA asset sales aim to net $2bn


Premier Colin Barnett said the priority was to regain the state's AAA credit rating, which was dropped last year by Standard and Poor's and this week by Moody's Investors Service. "These assets are better placed in the private sector.

Port Hedland's Utah Point Bulk Handling facility is one of four berths owned by the Pilbara Ports Authority and includes a shiploader, two stockyard product storage facilities and other infrastructure.

The Kwinana Bulk Terminal is owned and operated by the Fremantle Port Authority, exporting and importing bulk products including coal, iron ore, liquefied petroleum gas and cement clinker.

Market City in Canning Vale and port handling facilities in Port Hedland and Kwinana will all be sold in the first round of asset sales.

Read more here: Business Spectator


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