Australian treasurer Scott Morrison said privatisation of Ausgrid remained central to a plan by the New South Wales state government to unlock capital for local infrastructure projects. Photo: AFP

Australia formally rejects bids by State Grid and Cheung Kong Infrastructure for Ausgrid

Decision based on unspecified national interests, says top Australian official

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Australian treasurer Scott Morrison said privatisation of Ausgrid remained central to a plan by the New South Wales state government to unlock capital for local infrastructure projects. Photo: AFP
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