Re: VFT to the North should be funded by Telstra sale.!

["Barry Campbell" <campblbm@ozemail.com.au>]

Tell wrote in message <6o4oug$lf6$1@reader1.reader.news.ozemail.net>...
>Well, I have heard everything now, the entrepreneur of
>the Melbourne to Darwin VFT has suggested on ABC that
>the proceeds of the Telstra sale should be used and I
>quote;
>-----------------------------------------------------
>Everald Compton, who wants to build the railway,
>recently received backing from the Prime Minister to
>conduct a feasibility study into the project.
>He says the proceeds from Telstra could be invested in
>large projects to get them off the ground.
>Mr Compton says once the projects are established the
>shares could be gradually sold and re-invested in other
>public infrastructure.
>"If it's going to be sold, I believe that the money is
>better used in infrastructure projects which will
>develop inland Australia and create jobs in inland
>Australia, rather than enabling people in inland
>Australia to get faster onto the internet," he said.
>------------------------------------------------------
>
>How generous Mr Compton, inland people should be
>deprived of the Internet for your pie in the sky
>railway.  How about the Federal Government spend money
>on the existing national railway network first, instead
>of filling our national highways with road transport.!!
>
>You do not need to be a certified accountant to realise
>that that this Melbourne to Darwin VFT will never
>attract private finance, hence the embrace of the
>Telstra sale.
>


Well just to back you up Tell, I *am* a CPA and I agree. BTW the Telstra
sale didn't go through so it looks like Mr Compton will have to sing for his
supper elsewhere.


Barry Campbell