Renewed interest in rail in Australia
Article Abstract:
Australian private toll roads have been put in the spotlight after the M2 toll road in Sydney failed to attract the predicted number of users. Operators Hills Motorway Group admitted only 47,000 vehicles were using the road in Oct 1997, despite predictions of 72,000 vehicles each day by 1998. Dividends on Hills' share have been cut, causing fears that future investors may shy away from such projects. The Citylink scheme in Melbourne is one of the first projects to suffer. Railway privatisation schemes are under consideration by federal governments and financiers.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
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Preferred bidder for E. distributor
Article Abstract:
The New South Wales government is determined that there will not be severe traffic problems during the Olympic Games in Sydney, Australia, in the year 2000. For this reason, it is going ahead with the Eastern Distributor road scheme, for which it recently selected Leighton Holdings as the preferred tenderer. Environmental studies must be completed before the mandate for the road is finalised. Financial close is expected to take place in the first quarter of 1997 or the beginning of the second quarter of 1997.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1996
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First Polish motorway consortia selected
Article Abstract:
Licence agreements for the modernisation and operation of toll motorways in Poland are set to be finalised later in 1997. Stalexport has been granted a long-term licence for the Krakow-Katowice section of the A-4 motorway, which runs for 61 km, while Autostrada Wielkopolska will modernise and operate parts of the toll A-2 motorway from Swiecko to Lodz. The Polish government plans to build 2,600 km of toll motorways in the period to 2012.
Publication Name: Privatisation International
Subject: Business, international
ISSN: 0961-4206
Year: 1997
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