AusRAIL, Market Sectors

Advice on NRC&amp&semicolan#47&semicolanFreightCorp sale costs $5m

<p>The Federal Government spent over $5m on business, legal and probity advisers during the sale of FreightCorp and National Rail.</p> <p>Macquarie Bank received the lion’s share, $3.1m, for business advice, Blake Dawson Waldron got $1.9m for legal advice and Sparke Helmore earnt $179,000 for probity services.</p> <p>In Parliament last week, transport minister John Anderson also outlined the criterion against which bidders were assessed.</p> <p>The successful buyer needed to show a commitment to operating and investing in a commercially viable national transport business and willingness to contribute to the development of a competitive domestic freight industry.</p> <br />