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Some NRC info .
- Subject: Some NRC info .
- From: mauried@tpg.com.au (Maurie Daly)
- Date: Fri, 16 Feb 2001 05:09:19 GMT
- Newsgroups: aus.rail
- Organization: Customer of Telstra Big Pond Direct
- Xref: bclass.spectrum.com.au aus.rail:31529
NRC made another loss of $30 million for the last financial year.
NRCs share of the Melb - Sydney corridor is now down to a dismal 11%
with Sydney - Brisbane a bit better at 19% and Melb - Adelaide at 21%.
Seems that the policy of running longer and less frequent trains is
simply not working.
The sale of NRC is now into its 5th year,and is not expected to be
concluded until 31/12/2001, which is likely to be well after
Freightcorp is sold.
ARTC is now looking at converting Pt Pirie to Pt Augusta to CTC,to
connect with the new Pt Augusta bypass line.
Info taken from Rail 2000s February Newsletter.
MD