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DalyWaters
Deputy Commissioner
Joined: Oct 31, 2006
Last Visited: Nov 20, 2008
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Posted: Tue May 20, 2008 5:14 pm
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| Quote: | | separate the above and below rail and reassess the whole issue . |
Therein lies the big problem.
If the banks are looking for a combined $1 billion, that has to be by someone paying for a monopoly operation.
It would be fantastic if the Federal Government's Infrastructure Fund could buy the track on behalf of ARTC and open track access allowed competition.
However, the rail operation is profitable and commands most of the sale price. Selling it on its own as is would contradict all competition policy existing in this country. Selling it without the monopoly rights would seriously devalue the South Australian and Northern Territory taxpayers investments in the project.
A no win situation. Once again privatisation fails.
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rhino
Chief Commissioner
Joined: Nov 28, 2003
Last Visited: Nov 21, 2008
Location: Oakbonk SA
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Posted: Wed May 21, 2008 4:39 pm
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According to the directors of the company, someone with a different debt structure could make the line work. Last years profit, before debt was serviced, was $30,000,000. One of the things not going Freightlink's way is that some of the ore traffic is taking longer to start than originally expected. Once Oxiana starts shipping ore from Wirrida to Darwin, things could be drastically different.
Also, according to the original Asia Pacific contract, if the business is sold, ARTC is supposed to get the first offer on the infrastructure. I don't see how the business could be sold as a job lot with this clause in the original BOOT contract.
Cheers, Rhino
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Q4004
Chief Commissioner
Joined: Oct 20, 2007
Last Visited: Nov 23, 2008
Location: Looking for a girlfriend HELP!
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Posted: Wed May 21, 2008 5:58 pm
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when the line is sold, will the FQ's be under the new owner. if they are will all 4 be renumbered
Better Music - 973 Coast Fm
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ARG. BETTER HORNS P/Q/S
Please PM me when Q4008 is around Forrestfield and S3309 round Kwinana URGENTLEY AS I NEED THEM 2 COMPLETE COLLECTION AND WHEN S CLASS DOES THE QUARTZ
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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 23, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Wed May 21, 2008 7:58 pm
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From what I have been told, the 4 FQ's ans 2 FJ's aswell as all FreightLink owned rolling stock is incluided in the sale, as is the Freightlink name.
Owners of the mine at Pine Creek are interested in purchasing the rolling stock used to service their mine, shame it is leased from CFCLA, not owned by FL.
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Hendo
Train Controller
Joined: Jun 11, 2006
Last Visited: Nov 22, 2008
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Posted: Wed May 21, 2008 11:28 pm
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Hmm,
The UK company Freightliner http://www.freightliner.co.uk/default.aspx?PageID=210 have been talking about coming to Australia for a couple of years. The core FreightLink long haul intermodal and ore businesses may be attractive to them, same sort of work they do in UK and Poland.
cheers,
Hendo
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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 23, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Wed May 21, 2008 11:40 pm
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I can safely say they are not one of the 3 companies that have been mentioed around the traps up here in Darwin.
In time we will ind out who will buy it. I belive a sale wll be sooner then later.
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bingley hall
Chief Commissioner
Joined: Nov 09, 2005
Last Visited: Nov 23, 2008
Location: gone fishin
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Posted: Thu May 22, 2008 8:41 am
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| rhino wrote: | | Also, according to the original Asia Pacific contract, if the business is sold, ARTC is supposed to get the first offer on the infrastructure. I don't see how the business could be sold as a job lot with this clause in the original BOOT contract. |
I think you will find the clause only relates to the Tarcoola to Alice section. Still would complicate any sale though.
Bing
Life is just a bowl of All Bran...you wake up every morning and it's there
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CS2905
Station Master
Joined: Apr 02, 2008
Last Visited: Nov 19, 2008
Location: Canberra, ACT
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Posted: Thu May 22, 2008 9:09 am
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| Gwiwer wrote: | .... become managed by Canberra though not directly operated from there.
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If this opportunity were taken by Canberra.... |
I think you mean Federal Government. Canberra residents barely get a say in local Canberra affairs, let alone anything else, and the local ACT Government couldn't manage a...... um, let's no go there.
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mjja
Sir Nigel Gresley
Joined: Jan 13, 2003
Last Visited: Nov 17, 2008
Location: Mount Waverley, Melbourne
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Posted: Thu May 22, 2008 7:12 pm
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| Hendo wrote: | Hmm,
The UK company Freightliner http://www.freightliner.co.uk/default.aspx?PageID=210 have been talking about coming to Australia for a couple of years. The core FreightLink long haul intermodal and ore businesses may be attractive to them, same sort of work they do in UK and Poland.
cheers,
Hendo |
Yeah, they'd be as good as any. They can bring 100 of their Class 66s too - I think they'd be OK on Australian track.
Happy Gunzelling and remember, "Go by rail!"
Michael Angelico
President, Smart Passengers Inc
(My opinions are my own unless specifically stated.)
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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 23, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Thu May 22, 2008 7:31 pm
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Would be no real clearence issues between Port Augusta and Darwin.
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doridori
Chief Commissioner
Joined: Sep 21, 2005
Last Visited: Nov 18, 2008
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Posted: Wed May 28, 2008 1:07 am
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I know what I'm about ti say is blasphemy...
Yet if the federal government had a long term vision, it would appreciate the tangible value of this possible asset over the long term for combined transport infrastructure...
I personally would like to see it a publicly owned asset and used to encourage the use of rail freight over road long haul freight.
The infrastructure is already there, and using this to discourage the current road freight mentality will also save them in the improvement of road infrastructure, reduce risks of road freight to the average vehicle etc...
May be young'n'dumb, yet unlike some, I've heart!
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rhino
Chief Commissioner
Joined: Nov 28, 2003
Last Visited: Nov 21, 2008
Location: Oakbonk SA
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Posted: Wed May 28, 2008 8:27 am
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Didn't sound too blasphemous to me. I would love to see ARTC take ownership of the line and make it open access.
Cheers, Rhino
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nutbagg
Assistant Commissioner
Joined: Feb 11, 2007
Last Visited: Nov 18, 2008
Location: In Willy Wonka's Chocolate Lake
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Posted: Wed May 28, 2008 12:45 pm
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| rhino wrote: | | Didn't sound too blasphemous to me. I would love to see ARTC take ownership of the line and make it open access. |
The line has always had open access. Two operators would not be profitable fighting over 700-800kt of freight a year.
http://www.freightlink.com.au/aspx/track_access.aspx
ARTC ownership would probably be a backward move considering how little attention/investment they have given the TAR in recent years.
Mate, if that loco pulls as hard as you do, it'd move anything.
I'd still rather have an ALCo.
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Shacks
Ghanzel
Joined: Mar 03, 2003
Last Visited: Nov 23, 2008
Location: Sir Big Lens of the Distant (Signal) North.
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Posted: Fri May 30, 2008 10:16 am
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I was just reading in the news tht the ANZ Bank have pulled out of a pulp mill in tassie aswell. Must be something going on within the bank.
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nutbagg
Assistant Commissioner
Joined: Feb 11, 2007
Last Visited: Nov 18, 2008
Location: In Willy Wonka's Chocolate Lake
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Posted: Fri May 30, 2008 8:54 pm
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I suppose banks are more concerned with lending money these days and don't want to get involved with something like the pulp mill which could be percieved as high (political) risk.
Back to the topic though the sale is not a given fact the banks are merely putting the idea out there to see if anyone will come up with the right amount of dough. The fact is the line will make money but the banks just don't want to wait 10 years for it to happen they want it now. It was only maybe a year ago they tried to get someone to buy into the consortium but noone was interested, so they waited awhile and now Freightlink has picked up a few more contracts they're having another go. They're trying to capitalise off the back of the mining boom.
Mate, if that loco pulls as hard as you do, it'd move anything.
I'd still rather have an ALCo.
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