View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
December 3, 2009

Tasmania-Asciano Rail Deal Completed

The Tasmanian Government has completed the takeover of the state's rail network from Asciano. The $32m deal is for the sale of Asciano subsidiary Pacific National Tasmania-owned Melba Line. The railway will now be operated by newly formed state-owned company Tasmanian Railway

By cms admin

The Tasmanian Government has completed the takeover of the state’s rail network from Asciano.

The $32m deal is for the sale of Asciano subsidiary Pacific National Tasmania-owned Melba Line.

The railway will now be operated by newly formed state-owned company Tasmanian Railway Pty Ltd.

Infrastructure Minister Graeme Sturges said the takeover provides security to the state’s 140 rail workers.

“I am certain industry can now look forward with confidence to the future of freight rail in this state,” Sturges said.

The deal is an effort by the state government to keep the rail service running after troubled operator Asciano threatened to close its lines.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Railway Technology