and Grocon Pty. Ltd. andAqualand are expected to win the development rights for the A$2 billion CentralBarangaroo precinct project in Sydney, TheAustralian reported.

andMirvac Group alsoworked on bids for the project, and are still believed to be lobbying the stategovernment for another shot at the scheme, the report said.

The5.2-hectare development will include residential, retail and commercial space,according to the report.

As of July 12, US$1 wasequivalent to A$1.31.