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SINGAPORE'S CITYSPRING ACQUIRES BASSLINK ELECTRICITY CONNECTOR.
Publication: AsiaPulse News Publication Date: 31-JUL-07 |
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COPYRIGHT 2007 Asia Pulse Pty Ltd
PERTH, July 31 Asia Pulse - Singapore group CitySpring Infrastructure Trust has made its first foray into Australia by acquiring the Basslink electricity connector from UK-based National Grid Plc for $A1.175 billion ($US1.01 billion).
Basslink is the world's longest subsea power cable and links Tasmania with the Australian mainland.
CitySpring, which is listed on the Singapore Stock Exchange and is backed by Singapore state investor Temasek Holdings,...
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