>> They were given carte blanche over the national network,
>> they picked the eye teeth out of the freight business, they
>> signed a 15 year one billion dollar contract for 120 freight
>> loco's with maintenance and the Spotswood facility which
>> employs a hand full of people. They have used all of the
>> facilities and infrastructure built up by the CR/ANR/AN and
>> then have the bloody hide to tell us their making a profit.
>> Australian National bled to death after losing its business
>> to National Rail, and then the party hacks with union
>> support went around and said, "Oh well, AN were losing big
>> money so we had to do something, and that's why we created
>> National Rail Corp." AN were going OK until 1991.!
I'm somewhat confused as to the logic of this arguement. All the media reports state that prior to the establishment of NR the total loss on interstate freight was $320m pa. For the last four years NR has been operating interstate freight services in South Australia instead of AN. Now we are told that AN's debt at sale is $2b. That means AN lost $500m pa since losing their portion of the interstate freight business. How could their portion of the interstate freight business have been profitable to the value of $500m pa when the loss nationally was $320m?
I suspect that AN may have been doing better than some of the other state rail authorities but they must have still be losing money!
Regards,
Tom
--- | Fidonet: Tom Jones 3:800/846.526 | Internet: Tom.Jones@sawasdi.apana.org.au