Vic opposition queries no tender for RFC (AAP)

The sale of the Victoria's Rural Finance Corporation should have gone to tender, Opposition Leader Daniel Andrews says.

Bendigo and Adelaide Bank will buy the agribusiness lender for $1.78 billion, with a net return of about $400 million to the state government.

"Who sells a $400 million asset without even going to tender?" Mr Andrews told reporters on Monday.

"We have very significant concerns about the Rural Finance Corporation deal and we'll have a close look at that."

Mr Andrews would not be drawn on whether Labor would support a 40-year lease for the Port of Melbourne, after originally calling for a long-term lease.

"We have said if you look at the experience at Kembla and Botany and Brisbane, lease terms can vary," Mr Andrews said.

"We have always said what guides us fundamentally is the best value for Victorian taxpayers."

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