As expected, the Lang Corporation/Toll Holdings joint venture, National Rail Consortium Pty Ltd, has won the bidding for Australian government-owned rail companies National Rail Corporation (NRC) and FreightCorp.
The total transaction value of A$1.172 bill comprises A$936 mill for the purchase of the companies, A$118 mill for the assumption of net debt and a A$118 mill commitment to the NSW Broadacre Project, which covers a Freight-Corp commitment to the building of two grain terminals....
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Approx 285 words from WorldCargo News, February 2002,
page 1.
