Three groups take on AN remains

first_imgWinning bidders for the three main elements of Australian National offered for sale to the private sector were announced on August 28 by Federal Minister for Transport & Regional Development John Sharp.Combined gross value of the successful bids is A$95·4m, but Sharp said the government could have raised A$30m more had price been the only consideration. Bidders were also judged on quality, he emphasised. ’The end deal was best for jobs, regional development and expansion of the rail system.’ Collectively, the buyers are committed to capital expenditure of A$97m over the next four to six years.US regional railroad Wisconsin Central, with its New Zealand partners which already own TranzRail, will take over AN’s 1067mm gauge Tasrail network in Tasmania. Under the deal, the government will provide A$10m for land restoration and A$5m for track upgrading, making the net sale value only A$7m. Residual freight and engineering operations in South Australia go to a grouping led by US short line investment group Genesee & Wyoming Inc with local firms Clyde Engineering and Transfield. According to the minister, the group has agreed to retain 42 apprentices taken on by AN and make Port Augusta its main engineering base, ’ensuring the town’s future’.Winner of the passenger operations is Great Southern Railway, a consortium of British train operating franchisee GB Railways with Serco Bank Asia and Sydney-based Macquarie Bank. According to GSR, the company is committed to expanding and improving the passenger routes it has acquired. It is committed to routing the Sydney – Perth Indian Pacific via Melbourne, extending the Alice Springs – Adelaide The Ghan to Sydney and Melbourne, improving Adelaide connections for the Overland and providing additional services to Broken Hill. These plans are backed by a A$13·4m capital expenditure programme. oThe Australian National saleLong-distance passenger servicesGreat Southern Railway (GB Railways, Serco Asia Pacific, Macquarie Bank). A$16mSouth Australia Intrastate Freight and MaintenanceGenesee & Wyoming Inc with consortium including Clyde Engineering and Transfield. A$57·4mTasrail Wisconsin Central/Tranz Rail. A$22mlast_img read more


Nyaho Tamakloe hints at possible court action by Hearts of Oak

first_imgBoard member of Accra Hearts of Oak Dr.Nyaho Nyaho Tamakloe has hinted the club will head to court to contest the verdict of the appeal’s committee of the Ghana Football Association.The committee overturned the ruling of the disciplinary thus restoring Kotoko’s six points which sees the Porcupines move to second on the league log.The ruling means the Phobians lose the three points they gained from the board room and subsequently move to 13th position on the league log with 40 points.Speaking on Asempa F.M’s Ultimate Sports Show, Nyaho-Tamakloe hinted the ruling is unacceptable and Hearts will pursue this case to the letter.”I don’t want to talk much, except to say we have taken notice of the [Appeals Commitee] decision. But we must all know that the FA is ruled by laws, and this is not the end of this matter. If we think we must go further to prove our case, we will.”When pushed further by show host Benedict Mensah, Dr. Tamakloe hinted strongly that the Phobians will seriously explore the court option, despite the well-known stance of FA regulations that prohibits football matters to be taken outside the body’s laid-down review processes. “Don’t forget I have taken a football issue to a civil court before, and won. So let’s not say we can’t go to court. If it becomes necessary, we will go to a civil court.”last_img read more