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Fremantle sticks with incumbents

Wednesday, 6 Feb 2019 ( #909 ) - Perth, WA, Australia
Local News Story
Port of Fremantle
The Western Australian government has decided not to allow new operators to bid for leases to operate the existing container terminals at the Port of Fremantle. "The tender for new leases to operate container terminals at the Port of Fremantle has been narrowed to the current two operators, DP World and Patrick, with the process to now move to the negotiation stage," says a Government statement.

The fate of current leases, which are due to expire in June 2019, has been unclear since the previous State Government announced it planned to sell Fremantle Port in 2015.

In moving to negotiate directly with the incumbent operators, the Government says it intends to grant new seven-year leases, with options for extensions for two further periods up to a total of 21 years "at the discretion of Fremantle Ports, and dependent upon State Government decisions arising from the Westport: Port and Environs Strategy. Leases would commence on July 1, 2019 and end on June 30, 2026 (or on later dates if options were granted)."
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