Eigis News

Australian Port Bid Pending

The lead sale consultant for the sell-off of South Australia state's main ports was on Tuesday confident of a good outcome as two final bids were evaluated, but said a final decision was still weeks, if not months away. James Hatherley, a director with Arthur Andersen, confirmed that two final bids had been lodged this month for the group of six ports but said the evaluation process was complex as the new owner was required to build a dedicated deep sea grain wharf at the 18-berth capital city facility at Port Adelaide. "We got offers in on (July 9), we've been evaluating them and the government will be assessing that evaluation pretty shortly," Hatherley said. "There's not going to be an announcement until we've signed the contract.