KordaMentha postponed the search for interested buyers due to the
recession, but it says the company is now performing well and has
invited indicative bids with the aim of completing a sale by the end of
June.
recession, but it says the company is now performing well and has
invited indicative bids with the aim of completing a sale by the end of
June.
FreightLink had a 50-year build-own-operate-transfer
concession on the 1414km Darwin - Alice Springs line, which was
completed in 2004, together with a sublease on the existing 830km Alice
Springs - Tarcoola section, which opened in 1980. FreightLink had
already decided to sell the line in May 2008 but went into
administration that November after failing to reach an agreement with
creditors on the terms of the sale.
Freight and passenger services
have continued to operate since FreightLink went into administration,
although the line is currently closed north of Alice Springs after
flood waters washed away a section of track for the second time in two
months.
