Tuesday, 7 June 2011

North West. Government seeks financial adviser

The state government has released tender documents which show the its wants to appoint a financial adviser to sound out interest in the North West Rail Link among at least four local and four overseas banks and four big infrastructure investors. The adviser will then prepare a report comparing the cost of a government-funded rail link with a privately funded line. The north-west rail link, a 23 kilometre line to service 300,000 people, will cost an estimated $8 billion to build.