Asset sale advisers are 'just in case'

THE Queensland Government has called for expressions of interest from advisers to assist with the selling and privatisation of state assets.

But Treasurer Tim Nicholls said the government was sticking by its promise not to move forward with its $33 billion state sell-off without a mandate from voters.

Brisbane Times reports that instead of 'putting the cart before the horse', Mr Nicholls described it as 'keeping the cupboard stocked - just in case'.

The government will begin advertising for 'professional, specialist and strategic' advisers this week. 

The state's generating companies - Stanwell and CS Energy, as well as the commercial water pipeline infrastructure and the Gladstone Ports Corporation, Townsville Port and the incomplete Mount Isa to Townsville freight rail line - have all been earmarked for potential sale.

The government is also looking for private investors to inject billions of dollars worth of equity into the electricity network.

Read the full story here.


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