Re: Latest news on Speedrail

["William Miller" <backtran@optusnet.com.au>]

How did Alstom burn the NSW taxpayer on Redbank?
Chris <chrisc@fl.net.au> wrote in message 39c8a2e9$1@fl.net.au">news:39c8a2e9$1@fl.net.au...
> Transfield want to get involved again, or so I heard. I don't know if
> Leighton's partners in the Speedrail project (Alstom/ABB) are welcome in
NSW
> anymore, after the severely burnt the NSW taxpayer with regards to Redbank
> power station.
>
> Chris
>
>
> "David Bromage" <dbromage@fang.omni.com.au> wrote in message
> UURx5.7$Jt5.3102@news0.optus.net.au">news:UURx5.7$Jt5.3102@news0.optus.net.au...
> > 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.
> >
> > > 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.
> >
> > Cheers
> > David
> >
> >
>
>