Arab funds among bidders for Australia’s Queensland Motorways | GulfNews.com:
"Three investment consortia — two involving Gulf Arab government-owned funds — plan to lodge indicative bids for Australian state-owned toll road company Queensland Motorways Ltd on Friday, sources close to the transaction said.
The sale, estimated by analysts to fetch about A$5 billion (Dh16.5 billion, $4.5 billion), would further the push by Australian state governments to sell off large infrastructure assets to pay for capital works programmes.
State governments, once hesitant to give up tax revenue by selling infrastructure, appear to have had a change of heart since the state of New South Wales sold its desalination plant for $2.3 billion in 2012."
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