Queensland is to tackle a drop in its credit ratings by conducting a huge sale of infrastructural assets including the Port of Brisbane Corp and Abbot Point Coal Terminal. Other assets with the "for sale" sign include the state''s rail coal business.
The sell-off was announced by state premier Anna Bligh after Queensland lost its AAA credit rating. While ownership of the ports had previously been a staunch basis of state policy, Ms Bligh had indicated major divestments would be occurring in the state Budget in order to liquidate assets and thereby satisfy financial pressures.
