Telstra may raise US$10bn

Article Abstract:

The Australian government is expected to raise $10.3 billion from the sale of a third of Telstra, the country's telecommunications utility. The Australian Industry Development Corporation (AIDC) has been sold to UBS and Babcock & Brown for a price of $144 million. Australian National (AN) freight rail company was bought by American company Genesee & Wyoming at a purchase price of $41.6 million. Government agreement must be obtained for the proposed sale of New South Wales electricity assets which are valued at $18 billion, whilst the sale of Hydro-Electric Corp (HEC) will depend on agreement from the majority Green party.

Mergers, acquisitions and divestments, Australian Industry Development Corp. (x), Australian National Railways

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Australia moves into rail

Article Abstract:

The private sector is beginning to establish a strong presence in rail transport in Australia. In Western Australia, a scoping study has been undertaken on the privatization of regional operator Westrail. It is anticipated that this sale will raise between $295 million and $353 million. Expressions of interest have been received for V-line freight, one of the assets of the Public Transport Commission in Victoria, Australia. A call for expressions of interest will be made soon for tram operations in Melbourne, Australia, and for passenger operator V-line Passenger, the Public Transport Commission's other assets.

Railroad Passenger Operations, Line-Haul Railroads, Railroads, line-haul operating, Passenger rail services, Transportation policy, Railroad travel

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Reforming Victoria's public transport system

Article Abstract:

The state government in Victoria, Australia, believes that privatization is the logical next stage in its transport reform programme. New private operators will have strong incentives to offer a safe, clean, efficient public transport system and to attract new passengers. Privatization will also make it possible to make new investment, which is essential to long-term growth and to the quality of the public transport system. There will no longer be day-to-day government involvement in public transport, and passengers will benefit from the fact that private operators will have to offer long-term guarantees.

Local and Suburban Transportation, Local Transit, Urban Transit Systems, Management, Transportation, Victoria

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