Re: Alice-Darwin rail link investor pulls out

["f.u.i.t.b.e.t" <fuitbet@yahoo.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
>
>