Re: Latest news on Speedrail

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

"David Bromage" <dbromage@fang.omni.com.au> wrote in message news:UURx5.7
> Peter Berrett (pberrett@optushome.com.au) wrote:
> > I am curious to know where the VFT is at in terms of approval. Last I
heard
> > Speedrail had been selected as the preferred tenderer but nothing
further.
>
> The proving up phase was completed in December and the final submission to
> Government made in February. It's now up to the feds to make a decision,
> which they keep postponing.

They put an ultimatum to the government to make a decision by August, which
came and went.


> > Has the Government agreed to shell out the $$$ for the project? Is it
> > underway? Is it just pie in the sky? Have any contracts been signed?
>
> There is a common misconception that the government has to "subsidise" the
> project. Remember the criteria was "no net cost to government" which means
> they are not opposed to putting in money, such as in the form of tax
> concessions or in kind contributions (such as the $600 million in kind
> contribution from RAC), provided they get equal or more in return.

How are they going to get a return? Like all foreign companies it won't pay
any tax.