Re: Wonderful, Customer-Responsive GSR

["Barry" <one@microsoft.com>]

Roy Wilke wrote in message <34c29212.25122969@news.powerup.com.au>...
>On Mon, 19 Jan 1998 08:29:19 +1000, "Barry" <one@microsoft.com> wrote:
>
>>
>>Maurie Daly wrote in message ...
>>>In article <34C11179.41C6@sleeper.apana.org.au> Matthew Geier
>><matthew@sleeper.apana.org.au> writes:
>>>>From: Matthew Geier <matthew@sleeper.apana.org.au>
>>>>Subject: Re: Wonderful, Customer-Responsive GSR
>>>>Date: Sat, 17 Jan 1998 09:15:53 -1100
>>>
>
>(snip)
>
>>>There is not one instance in this country of private enterprise offering
to
>>>actually build a major airport,simply because if you do the sums , you
will
>>>never get your money back.
>>>Leasing existing airports which have already been paid for by the poor
>>>taxpayer is another thing.
>
>>>MD
>
>>My employer owns an airport. If you look at our annual report you will see
>>we make a reasonable long term return on the funds invested. The major
city
>>airports do just as well. I doubt if the rail passenger system can claim
the
>>same.
>
>
>>Barry Campbell
>
>
>Owning an airport doesn't equal building an airport. The argument that
>the Commonwealth - through taxation revenue - went to the expense of
>constructing the aerodromes and their associated infrastructure that
>cost was not covered by the price which those aerodromes were sold to
>private operators is a solid one.
>
>Take Brisbane for an example. Did the current owners reimburse the
>Commonwealth in full for the runway complex, the very expensive
>terminal buildings, the two miles of six-lane highway leading to the
>airport, the support facilities, etc. etc.? If they had, then there
>would not be a reasonable long-term return on the funds invested.

Our airport is on the books at its replacement cost less depreciation. We
still make a return on that. Let's see the passenger rail system do that.

BC