Re: Carr warns Caucus over FreightCorp sale

["Tezza" <tezza2000@dingoblue.net.au>]

A joint sale is being pushed. i.e. it is hoped that the buyers of NRC will
also buy FC and join them back together. FC was told it can't buy NRC as it
would be anti-competitive, and it says it can't survive on it's own.
Wisconsin Central seem to have plenty of money.

--
Tezza
Maurie Daly <mauried@tpg.com.au> wrote in message
news:mauried.547.01CC7681@tpg.com.au...
> In article <3990BAFE.E7B383DB@mail.usyd.edu.au> Greg Rudd
<grudd@mail.usyd.edu.au> writes:
> >From: Greg Rudd <grudd@mail.usyd.edu.au>
> >Subject: Re: Carr warns Caucus over FreightCorp sale
> >Date: Wed, 09 Aug 2000 11:59:26 +1000
>
>
>
> >David Bromage wrote:
>
> >> The New South Wales Premier, Bob Carr, has moved to quell a Caucus
revolt
> >> over the possible privatisation of FreightCorp. A consultant's report
> >> recommended the FreightCorp business be sold after the expected
> >> privatisation of National Rail.
> >>
> >> http://www.abc.net.au/news/state/nsw/archive/metnsw-9aug2000-8.htm
>
> >It's nice to see that Bob Carr/Michael Egan is so democratic over this
> >issue.  The real question is who is lobbing him for the perspective sale?
>
>
> Id be a little curious about just who will have enuf ready cash left after
> both Westrail and NRC are sold.
> Having a spate of railway privatizations in a short time frame , must soak
up
> most of the available equity finance available for this sort of
thing,given
> that most informed commentators, including Freightcorps CEO , admit that
there
> is only enuf freight for around two interstate railway companies.
> We currently have 5.
>
> As an aside , just what will be for sale as part of Freightcorp, given
that
> the 90s and 82s arnt owned by Freightcorp.
> That leaves the 81s (good locos ) , the electrics which arnt much use to
> anyone,and the older 80s and 48s.
>
> ATN,Austrac and FA are slowly eating into FCs grain market and general
> container traffic,so i suspect that Mr Carr may have left the sale just a
> little too late.
>
> Should have got in before WA did.
>
>
> MD
>