Private sector could help fund WA’s rail fleet: Waldock

By Jessica Strutt

The private sector stumps up all, or part, of the capital costs, with the Government paying it back in instalments, plus interest, over an agreed period.

The private sector could be used to fund plans to double the size of Western Australia‘s train fleet, according to the Department of Transport’s director-general.

Transport Minister Dean Nalder announced last week the WA Government was taking the first formal steps towards acquiring a new generation of trains.

“So if that particular private sector funding came into place then certainly what we’d be paying is a concession over a period of time and not paying the upfront capital cost.

Mr Nalder’s office referred queries to Treasury, which in a statement said, at this stage, the Government had not made any decision on the appropriate funding model for the new rail cars.

But when asked on ABC radio how the project would be funded, the Department of Transport’s Reece Waldock revealed that could also be done through the private sector.

Read more here: ABC

    

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