The Port Botany transaction bagged more than AUD4.31bn for New South Wales while AUD760m was earned from the Port Kembla package.
About AUD4.3bn will be made available for new infrastructure including the WestConnex motorway in Sydney and Pacific Highway upgrades, according to New South Wales treasurer Mike Baird.
A New South Wales Ports Consortium including Industry Funds Management, Australian Super and Queensland's public sector superannuation fund QSuper landed the lease deal.
Port Botany boasts two container terminal with six container vessel berths and a bulk liquids berth. The port moved over 2m teu in the 12 months ended June 2012.
Port Kembla is Australia's largest vehicle import port and serves as a main export facility for coal and other bulk commodities.
“It's a great win for New South Wales. The infrastructure funding for this state has had a massive boost,” Baird said.
The state government will retain regulatory oversight of the ports, as well as responsibility for maritime safety and security functions.
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