Re: National Rail Corp

[Bob <alco@acay.com.au>]

Many senior people in freightcorp are talking about "when they take over NRC" these days. My
understanding is that Freightcorp are now allowed to bid after recent changes to the "rules".
I'm told that Freightcorp are looking for a partner to go in with them on a 50/50 arrangement.
If you consider that NSW already owns 40% of NRC it would not be unrealistic to see another 10%
sold to freightcorp under such a proposal.
Cheers
Bob

Maurie Daly wrote:

> In article <37D5081D.EA30DCD3@hotkey.net.au> Greg Triplett <triplett@hotkey.net.au> writes:
> >From: Greg Triplett <triplett@hotkey.net.au>
> >Subject: National Rail Corp
> >Date: Tue, 07 Sep 1999 22:42:05 +1000
>
> >Hi Folks,
>
> >Perhaps someone can advise me.
>
> >A while back I heard that the Federal Gov't was planning to
> >sell the NRC. Is this still the case ? If so what is the
> >current state of play and who are the bidders ?
>
> >Regards
>
> >Greg Triplett
>
> The sale is still on , delayed up until now by having to get the agreement of
> all the shareholders, but I beleive there is still some dispute about who will
> be allowed to bid , in that the NSW and Vic Govts dont want other Govt bidders.
> I understand that Qrail were going to be a bidder.
> Toll Rail is also interested.
> The sale is supposed to be completed by the end of this year.
>
> MD