AusRAIL, Market Sectors

Truss concerned about Tasmanian rail deal delay

<p>Federal transport minister Warren Truss has expressed concern at the length of time it is taking for Pacific National to accept a government rescue package for its Tasmanian operations.</p> <p>Three weeks after announcing the $118 million package, Mr Truss yesterday (January 4) received a letter from Pacific National’s management seeking an urgent meeting.</p> <p>Patrick Corporation’s Chris Corrigan and Toll Holding’s Paul Little, the joint venture partners in Pacific National, signed the letter.</p> <p>Mr Truss told the ABC that he was keen to find out the sticking points in a deal that gave Pacific National what it asked for and that it was therefore important the deal was consummated as quickly as possible.</p> <br />