AusRAIL

Pacific National wants detail on funding plan

<p>Pacific National has welcomed the Federal Government’s plan for an $870m investment in the New South Wales rail network and reaffirmed its commitment to contribute $50m to track improvements.</p> <p>General manager commercial Pacific National Robert Jeremy said the plan transport minister John Anderson unveiled last week is welcome but more detail still needs to be seen.</p> <p>The new rail operator supports the concept of having a single national rail network manager.</p> <p>Mr Jeremy pointed out that Pacific National spends $175m for track access that goes back into network funding.</p> <p>A spokesman for transport minister would not reveal how provision of the $870m will be shared between the Commonwealth, the NSW Government and the private sector.</p> <p>However, he said the investment plan has been comprehensively outlined in the track management proposal put to NSW and is achievable.</p> <p>"It is a very good and forward-looking plan that will revolutionise rail on the east coast," he said.</p> <p>NSW is now considering the lease proposal carefully.</p> <br />