Australian capital woos firms from Singapore, region

THE Australian Capital Territory (ACT) government, which has several infrastructure projects and proposed asset sales in the works, is keen to attract interest from companies in Singapore and the wider region.

Among them is a private public partnership (PPP) project for Canberra's first light rail system, said ACT Deputy Chief Minister Andrew Barr. In addition, assets such as government buildings and street lights are being divested to generate capital, with proceeds likely to go towards new infrastructure.

Expressions of interest for the 12 kilometre-long Capital Metro light rail project - which will stretch from the suburbs to the city - will be issued by end-October, with submissions expected to come in by late December.