Re: Airport link company Defaults on loan

[geoffrah@NOSPAMhotmail.com (geoffrah)]

No wonder private companies LOVE government contracts;

1.  Get the government to meet the majority of the cost (450 of 600
million).
2. Charge exorbitant fares in order to rake in huge profits
3. If Step 2 fails then get the Government to bail you out !

It makes you wonder why the government didn't just pay for the whole
bloody thing in the first place. 

I hope this saga doesn't affect the political will to commit to future
rail projects (ie. Parramatta to Chatswood).

>I think you're right - the NSW Government paid for most of the cost of
>the Airport Link project and the amount to buy out the stations would
>be pennies in comparison.
>
>All I'm afraid of is that the NSW Government may buy the line, but keep
>the high fares (or not bring them down all the way).
>
>IMHO the only way the line could survive is if the fares came back to
>earth, no matter who runs the stations...
>
>
>MrPC
>ICQ 58337073
>
>In article <8vffkv$30hr$1@pc1762.alcatel.com.au>,
>  thebaron@nospam.ozemail.com.au wrote:
>>
>> http://www.smh.com.au/news/0011/22/pageone/pageone6.html
>>
>> Is it just me or is this a good thing? We buy out the company
>> and introduce reasonable fares??
>
>
>Sent via Deja.com http://www.deja.com/
>Before you buy.