QUEENSLAND Rail has set out to challenge Pacific National's dominance in transcontinental rail freight after joining forces with Babcock & Brown in a $1.3 billion purchase of the West Australian rail system.
Queensland is to set up a $1 billion fund to promote the construction of major "economic" infrastructure that the private sector does not think is economic. Privatisation, a dirty word in Queensland, did not get a mention in yesterday's State Budget and the Treasurer, Mr De Lacy,
The average government business enterprise made a profit of 1.5 per cent on its assets in 1989-90. This compares with an average loss of 0.5 per cent three years earlier, reports the Economic Planning Advisory Council. An EPAC survey of 38 of the biggest state and Federal Government enterprises..read more
CANBERRA: The Prime Minister has moved to widen the agenda of the Premiers' Conference to help reform State industries that are inefficient and make losses, such as railways and electricity. In a letter to the premiers, Mr Hawke confirmed that the conference, to be held on June..read more