Re: FreightCorp sale is official.

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

"robson" <robson@cia.com.au> wrote in message
> A anti economic rationalist view could be this .... It would have been
> better to absorb FreightCorp back into State Rail so that the profit
> (quoted yesterday as a yearly dividend to the State Government of
> $45m) could be used to cross-subsidise CityRail losses, as was the
> case before the 4 way split. That was the split that some now say
> seemed like a good idea at the time. With cross subsidy there would be
> less need to dig into the public purse. Stupid idea, right!

I'd agree if it was true. FC made a profit of about $20m, after CSO's of
about $75m, so they actually had rather a big loss.