Toll, SCT await east-west rail decision

<p>Toll Holdings is waiting on the Australian Consumer and Competition Commission to make a decision known on the east-west rail starter’s kit &#8211 for which it has sought a waiver.</p> <p>SCT Logistics is Toll’s preferred bidder for the rail starter’s kit.</p> <p>In a release to market last week, the ACCC was clear. Despite its plans, Toll would hand over a starter kit of rail assets on the east-west route, under an agreement reached in its Patrick buy-out, which would see it divest access slots on the line, terminals at both ends, and 12 locomotives.</p> <p>SCT chief Geoff Smith said the best case scenario would be an answer, one way or the other. He was hopeful of an answer before Christmas.</p> <p>&#8220Worst case scenario is we’re none the wiser and it stalls basically,&#8221 he told <em>Lloyd’s List DCN</em> .</p> <p>&#8220So long as we conclude the transaction and it doesn’t get overturned by the ACCC or Toll’s desire to have all of the undertaking extinguished, what it will do for us is make us a far stronger, far larger competitor. </p> <p>&#8220It will complement the new fleet we have coming on board.&#8221</p> <br />