Tasmania rail misses out on AU$24M in fundingFriday 17 Jul 2009 The Australian government decided not to allocate A$30 million (US$23.9 million) in funding to upgrade a rail line that would have been used to move logs to Gunns Ltd's proposed pulp mill in Bell Bay, Tasmania, the Australian Broadcasting Corp. (ABC) reported on 7 July. Gunns has declined to comment on the decision, ABC reported.The federal government finalized AU$195 million in funding for nine lines in Tasmania's rail network, as part of a rail rescue package, reported ABC. The government's multi-million dollar investment comes after Tasmania's rail operator, Pacific National Pty. Ltd., owned by Asciano Ltd, decided to leave the state. Source: www.forestweb.com |
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