AusRAIL, Market Sectors

SCT surprised at ACCC rail package nod

<p>The winning bidder of a Pacific National divestment package was &#8220surprised&#8221 to be nominated as the preferred tenderer, and to be granted Australian Competition and Consumer Commission approval for the undertaking.</p> <p>SCT Logistics will take delivery of Toll Holdings’ so-called east-west starters kit next Friday (March 16), a package which will deliver it access slots on the Perth-east coast rail line, terminals at both ends, 12 locomotives and rollingstock.</p> <p>SCT Logistics chief executive Geoff Smith estimated more than $550m in capital had been reinvested into infrastructure and assets by the privately owned business over the past decade.</p> <p>&#8220We’re conditioned to the fact that if we want to do something, we’ll go do it ourselves,&#8221 Mr Smith said.</p> <p>&#8220The [divestment&#93 hasn’t been given to us &#8211 we bought it &#8211 but it’s the first time the dice has been thrown our way.</p> <p>&#8220So we were surprised, yes.&#8221 </p> <p>SCT Logistics will take delivery of the assets ahead of 15 new EDI-manufactured locos, due to roll off the manufacturing line in Newcastle from January 2008. The locos will be fitted with American General Motors componentry.</p> <p>The company has relied on hook-and-pull contracts with Pacific National to run trains on the east-west corridor. </p> <br />