Re: And the winner is.....

["Garry Hoddinett" <hoddos@netspace.net.au>]

The Sydney Morning Herald reported the following:

Freight Victoria, as a consortium of the United States rail freight operator
RailAmerica, Macquarie Bank, Goninan and Fluor Daniel, will invite up to 49
per cent Australian equity in its business.

The Sydney Morning Herald also noted that:

- Freight Victoria would invest $36 million in the first two years to
improve infrastructure, modernise the locomotive fleet and upgrade the
Geelong "grain loop" to include standard gauge.

- Under the lease agreement for V/Line Freight, other operators will have
the right to run services in competition with Freight Victoria.

- the new owner was due to take over the running of V/Line Freight in about
10 weeks.

- Freight Victoria will own rolling stock and key maintenance facilities,
including the South Dynon locomotive workshop and facilities at Geelong,
Portland and Wodonga.