Re: Alice-Darwin rail link investor pulls out

["Andrew Honan" <ahonan@zipworld.com.au>]

Yes,
but I heard that the shortfall is $750M and that Feds are talking to SA and
NT.

I wonder if the feds bail this project out how it fits with a so called
national land transport policy.
How will they justify spending millions on AP to Darwin as well as an inland
route?

On another note, I was rereading the Feds response to the various rail
enquires and noting that state based jurisdictions need to work with ARTC by
mid 2001 otherwise the feds will legislate. Meanwhile NSW is grappling with
its own internal rail reform.
I just wonder how it will all be pulled together in some logigal and
efficient manner??

AH
"f.u.i.t.b.e.t" <fuitbet@yahoo.com.au> wrote in message
3a6fd61a$0$16379$7f31c96c@news01.syd.optusnet.com.au">news:3a6fd61a$0$16379$7f31c96c@news01.syd.optusnet.com.au...
> Yes well, when the feds will not even provide funding for the existing
goat
> track infrastructure we all have the pleasure of running on how does any
one
> expect them to provide the total cost of new infrastructure given the fact
> it is a very big gamble in the first instance.
> "Maurie Daly" <mauried@tpg.com.au> wrote in message
> 3a6f9353.20750960@can-news.tpg.com.au">news:3a6f9353.20750960@can-news.tpg.com.au...
> > On Thu, 25 Jan 2001 00:16:46 GMT, dbromage@fang.omni.com.au (David
> > Bromage) wrote:
> >
> > >The Alice Springs-to-Darwin railway, the major plank in the federal
> > >Government's national infrastructure program, has been hit by the
> > >withdrawal of one of its major investors.
> > >
> >
>
>http://www.theaustralian.com.au/common/story_page/0,4511,1644759%255E2702,0
> 0.html
> >
> >
> > Is anyone actually surprised at this .?
> > Since day 1 when it was required that the majority of the finance be
> > raised by the private sector , all of the then economic analyses of
> > this project classed it as risky to very risky.
> > Even the 3 Governments involved ,namely the SA,NT and Feds have
> > refused to guarantee the economic viability of this project , unlike
> > other BOOT projects in this country where the Govts have had to
> > underwrite the economic risks.
> >
> > The simplest way for this project to go ahead, given that all 3
> > govermnets keep stating that they support it (whatever that means) is
> > for the project to be totally Government funded,as have been up until
> > now all the existing national SG rail network.
> > We could keep stuffing around forever waiting for the consortium to
> > raise the finances,and lets face it they have been trying now for 3
> > years.
> >
> > MD
> >
> >
>
>