Re: Latest news on Speedrail

[dbromage@fang.omni.com.au (David Bromage)]

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