The Government of Western Australia
announced last week that potential bidders have shown a keen interest in the asset sales process
with an unprecedented level of enquiries from people looking for information about the assets.
In late August, Premier Colin Barnett and Treasurer Mike Nahan announced the Government's first tranche of asset sales, including Port Hedland's Utah Point Bulk Handling Terminal
, the Kwinana Bulk Terminal
and Market City in Canning Vale
Mr Barnett said:
"This is an extremely positive response, reinforcing the Government's decision to commence due diligence on the first tranche of assets and provides an encouraging sign that there will be competitive bidding once sales processes begin."
Dr Nahan said Treasury had released an open tender for the engagement of the lead financial adviser for the announced port assets
(Kwinana Bulk Terminal and Utah Point Bulk Handling Facility) to support activities to progress detailed scoping and due diligence.
The Treasurer said the due diligence phase would confirm all details about the potential sale and involved defining the precise boundaries of the proposed transactions, including the resolution of any key outstanding government policy decisions.
The Government of Western Australia anticipated that Treasury would separately approach the market for a lead adviser later this month for the sale of the Perth Market Authority (Market City).