Re: Latest news on Speedrail

["Chris" <chrisc@fl.net.au>]

Leighton are 47% (maybe 49% now) owned by the large German construction
company Hotichef. I recall they have quite a presence on Leighton's board.
Hotichef are the largest shareholder in Leighton Holdings (I think they also
have a 51% share holding in Leighton Asia) are because of they they really
control the company.  John Holland, Thiess, Simon Eng. plus others are also
part of the Leighton Group. Leighton have been trying to get into large
infastructure projects for years, but they still earn most of their money
from contract mining & civil engineering  in Australia.
Other major german construction companies in Australia are
Belfinger & Berger (Bauldstone Hornbrook)
Walter (Concrete Constructions)

Alstom and ABB have teamed up in Australia to do heavy engineering work. I
heard they have no chance of getting Redbank stage 2.

Transfield are 100% Austrailan owned, though the family who owns it are
Italian or Australian or both when it suits them.

Chris



"David Bromage" <dbromage@fang.omni.com.au> wrote in message
G0by5.5$nQ.4059@news0.optus.net.au">news:G0by5.5$nQ.4059@news0.optus.net.au...
> Tezza (tezza2000@dingoblue.net.au) wrote:
> > "David Bromage" <dbromage@fang.omni.com.au> wrote in message
news:UURx5.7
> > > 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.
>
> Leighton Holdings is an Australian company, and the Speedrail operating
> company will also be an Australian company. The operator will be Qantas.
> There will be GST on tickets, jobs created, and significant reduction in
> the maintenance bill on the Hume Highway.
>
> Cheers
> David