Statement by Port of Melbourne regarding ESC Market Rent Inquiry

Port of Melbourne disagrees with the findings of the Essential Services Commission’s Market Rent Inquiry. We hold the firm view that our activities in leasing port land have been undertaken in accordance with usual market practice and consistent with our obligations.

We take our stewardship of the port very seriously and we have invested more than $280 million over the past four years. Our ongoing investment program has focused on creating a more productive and efficient port for tenants, which ultimately delivers significant benefits to the Victorian community and the wider economy.

Although there is clear evidence that the system of rent-setting at the Port is working as intended, Port of Melbourne will consider additional ways to improve information and processes to assist in rent and lease negotiations.