Re: VLF sale

[Bruce Greening <bgreeni@ibm.net>]

Bob wrote:

> Another thing that has had me wondering is that RV are proposing to
> spend $36M in the first 2 years to upgrade the system. The Victorian
> Government will pay $25M per year to FV to maintain the VLP lines . Now
> if my calculations are right they get $50M from the Government over the
> 2 years but spend $36M, Is there something wrong here or is the
> Government trying to disguise the subsidizing of another private
> operator perhaps?
> Bob

>From my admittadly slight knowledge of he Victorian system, there has been
a very large ammount of defered maintenance, which will take a long time to
catch up.....even with $25M, there will not be any great profits, there is
a great difference between catch up and upgrade..
--
Bruce L. Greening
bgreeni@ibm.net
Townsville
Queensland, Australia