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Refinancing of Port Botany to Fund Major Infrastructure Projects

The NSW Liberals and Nationals Government today announced plans to refinance State-owned assets at Port Botany, in addition to the leasing of the Sydney Desalination Plant, to fund priority infrastructure projects.

Treasurer Mike Baird said it is anticipated the Port Botany facility will be refinanced under a 99-year lease with a view to completing the transaction in the first half of 2013.

Read the full media release (PDF)