Preparation: Port of Melbourne key facts The Port of Melbourne is Australia's largest container and multi cargo port, visited by more than 3,000 ships each year. These facts and figures give an insight into the port's operations and its role as a key economic asset. Arguably Australia's most important maritime trade hub, the Port of Melbourne supports the prosperity of thousands of businesses and the daily lives of people across Victoria and south-eastern Australia. Trade Around 2.64 million TEU handled annually Over 1,000 new motor vehicles per day on average Total trade of nearly 90 million revenue tonnes Total trade value around A$92 billion Asset scale Over 500ha of port land 36 commercial berths 21 kilometres of waterfront, including 7 kilometres of quayline Over $2 billion invested in port infrastructure over the last decade, including the Port Capacity Project (completion is imminent) Shipping and navigation More than 3,000 ship visits annually First port in Australia to operate as a VTS authority under Commonwealth accreditation Professional hydrographic survey Environmental 100,000 hectares of port waters. 21 kilometres of waterfront. Borders four municipal councils. 1.Develop five points in favour of the privatisation of the Port of Melbourne. 2. Develop five points against privatisation of the Port of Melbourne. 3. Identify five major challenges that you would anticipate as a result of port privatisation. 4.Suggest two strategies to address the challenges that you identified earlier