Wisconsin Central to sell trainzrail shares

solar Nov 17, 2000

  1. solar

    solar E-Mail Bounces

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    W.C wants to sell its shares in new zealands tranz rail system . along with a nz shareholder 38 % of the shares will be for sale for $ 168 million . tranzrail wanted to sell its auckland suburban tracks to the council for $ 120 million !!
    there is support for the government to buy the whole system back . i think this would be a good idea providing it kept the track only , and made it open access , and resell the trains and operations to private operaters . siemens , a french company ,and stage coach are all interested .
    interesting that these companies think they can make a go of operations that W.C can't .
    i think with good management they will succeed .the important thing is to ensure the tracks stay , and really only the government or regional councils can do that . however politics will get in the way , with a right wing parties transport spokesperson ( who wouldnt know what a train was if it run them over ) suggesting ripping up the tracks , and putting more roads in .
    to any wealthy railfans out there , a couple of very scenic lines are up for sale for usd $ 1 million and usd$4 million respectively .
     
  2. FriscoCharlie

    FriscoCharlie Staff Member TrainBoard Supporter

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  3. solar

    solar E-Mail Bounces

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    Hi Charlie ,

    could you tell me how i can access the news pages . i used to have them bookmarked but a crash wiped them all . computer crash that is .

    regards

    david
     
  4. FriscoCharlie

    FriscoCharlie Staff Member TrainBoard Supporter

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