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Issue No. 124 | 15 February 2002 |
Chickens Come Home
Unions: Winning the Heartland Interview: Swan's Song Corporate: Lessons from Enron Politics: What We Did Last Summer History: Solidarity in Song International: A Tale of Two Cities Poetry: Nobody Told Me Review: Labor and the Rings Satire: Rafter Named Bermudan Of The Year For Tax Purposes
Unions' Commit to Battle for Hearts Carr on Notice - Expectations Up Mad Monk Sides With Angels � Briefly Maritime Union Acts on Spy Scandal May Day Play-Off for Workers' Anthem Burmese Links Shroud Winter Olympics New Phone Venture One.Tel In Drag Two Million Face Rights Downgrade Enron Collapse Hits Share-Owner Agenda Corrrigan Snaps Up Rail Bargain Kinko Clowns With Workers' Rights Telstra's Tragic Delays Of Its Own Making Burrow Puts Case to World Economic Forum Shangri La Protests Hit Melbourne
The Soapbox The Locker Room Week in Review
'International Labour's Year in Review' - A Re-View Belly's Broad-Side Collins Gets Cryptic
Labor Council of NSW |
News Corrrigan Snaps Up Rail Bargain
Rail unions say the newly privatised enterprise was sold to Chris Corrigan's Patricks for 25 per cent of its true value. Rail, Tram and Bus Unions NSW branch secretary Nick Lewocki says the joint sale of FreightCorp and National Rail confirmed pre-sale analysis that the Federal Government would sell National Rail for significantly less than the real value of the assets. The RTBU said National Rail, valued at approximately $800 million, was flicked off for $220 million. No protests have been heard from share holding State Governments, NSW and Victoria, or the federal opposition transport spokesperson. "No wonder the public is cynical about privatisation," Lewocki said. "Investors have identified that the Federal Government sold National Rail for significantly less than its real value. Reinvest Money In State Services Meanwhile, the RTBU has called on the Carr Government to invest money from FreightCorp and its National Rail share back into community infrastructure. The recent sale of FreightCorp by the NSW Government plus its 20 per cent share from the National Rail sale has nettled the NSW Government $365 million. The RTBU has written to Premier Bob Carr identifying three important investments that will return some value to rural communities. These are: - upgrading and refurbishing the rural passenger service fleet - XPT carriages and engines. - upgrading NSW rail infrastructure, focussing on country branch lines, and urgently upgrading old rail bridges - injecting funds into rural education, aged care and health services
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