Deals this week: Navtor, Lonsdale Consortium
The European Union (EU) has shortlisted Norwegian-based, e-navigation technology and services provider Navtor as the maritime industry representative for its ENABLE project for three years.
The project will study, verify and validate the safety of autonomous vehicles in the EU, while Navtor’s role will include studying the shore-based bridges concept for autonomous shipping with the help of EU funding.
A consortium of Future Fund, Queensland Investment (QIC), Global Infrastructure Partners (GIP) and Ontario Municipal Employees Retirement System (OMERS), known as Lonsdale Consortium, has signed a lease deal with the Australian government for the commercial operations the Port of Melbourne.
The A$9.7bn ($7.3bn) deal is valid for 50 years and will result in the removal of 50 congested level crossings in the country.
The state government plans to invest 10% of the lease proceeds in regional and rural infrastructure projects and has formed an agriculture infrastructure and jobs fund comprising A$200m ($149m), which will be used to increase exports and support local farmers .