Under pressure to ease Sydney’s snarling traffic jams by building more roads, the state government of New South Wales has set up an infrastructure fund and plans to sell assets.
Last month it flagged the possible sale of its electricity distribution and transmission assets, with an enterprise value of around A$40 billion $37.5 billion. Added to similar businesses in the state of Queensland, where local politicians have signalled a preference for private sector participation, there is a total of A$80 billion worth of poles and wires ready to be privatised in Australia.
In New South Wales the planned asset disposal won’t go ahead until government elections...
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