[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]
Airport rail goes bust
- Subject: Airport rail goes bust
- From: dbromage@fang.omni.com.au (David Bromage)
- Date: Thu, 30 Nov 2000 23:22:54 GMT
- Newsgroups: aus.rail
- Organization: CWO Customer - reports relating to abuse should be sent to abuse@cwo.net.au
- Xref: bclass.spectrum.com.au aus.rail:25817
Taxpayers are one step closer to owning a $900 million lemon after the
Airport Rail Link went into receivership yesterday. Accounting firm KPMG
announced a receiver and manager would operate Airport Link Corporation
after it could not pay back $190 million of its $200 million loan from the
National Australia Bank.
http://www.dailytelegraph.com.au/common/story_page/0,4511,1473875%255E3163,00.html