AustralAsia Railway Corporation
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AustralAsia Railway Corporation
The AustralAsia Railway Corporation (AARC) was established in 1997 by the Government of the Northern Territory to build the Alice Springs to Darwin section of the Adelaide-Darwin Railway. The Government of South Australia holds 50% of its board positions and voting rights. It owns some of the infrastructure of the Alice Springs to Darwin railway and the lease of the Tarcoola to Alice Springs railway from the Federal Government, and leased (or subleased) them to FreightLink. In June 1999, it awarded the contract to build the Darwin to Alice Springs railway to the Asia Pacific Transport Consortium (APTC) as a Build, Own, Operate and Transfer operation. The lease runs until 2054.Australasia Railway Project
AustralAsia Railway Corporation The Federal Government ...
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Government Of The Northern Territory
The Government of the Northern Territory of Australia, also referred to as the Northern Territory Government, is the Australian territorial democratic administrative authority of the Northern Territory. The Government of Northern Territory was formed in 1978 with the granting of self-government to the Territory. The Northern Territory is a territory of the Commonwealth of Australia, and the Constitution of Australia and Commonwealth law regulates its relationship with the Commonwealth. Under the Australian Constitution, the Commonwealth has full legislative power, if it chooses to exercise it, over the Northern Territory, and has devolved self-government to the Territory. The Northern Territory legislature does not have the legislative independence of the Australian states but has power in all matters not in conflict with the Constitution and applicable Commonwealth laws, but subject to a Commonwealth veto. Since 13 May 2022, the head of government has been Chief Minister Nat ...
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Alice Springs Railway Station
Alice Springs railway station is located on the Adelaide–Darwin railway in Alice Springs. History The original Alice Springs station opened in Railway Terrace in 1929, when the Central Australia Railway opened. A freight yard was located on what is now Murray Neck's shopping complex. The present station opened on 9 October 1980 when a new line opened from Tarcoola. The station was included in the sale of Australian National's passenger operations to Great Southern Rail on 1 November 1997. It served as the terminus of the line until it was extended to Darwin in February 2004. Station features In the foyer of the current station is a memorial, by sculptor Gabriel Stark, this memorial is in memory of the Afghan camel trains that transported supplies to Central Australia before the arrival of the train. Services Alice Springs station is served by ''The Ghan ''The Ghan'' is an experiential tourism oriented passenger train service that operates between the northern and ...
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Darwin Railway Station
Darwin railway station is the terminus station of the Adelaide-Darwin rail corridor in the Darwin suburb of East Arm, Northern Territory. The station is from Adelaide Parklands Terminal station, from the end of the line and by road from Darwin's city centre. In front of the station building is a paved area long, but sealed hardstanding extends for a kilometre (1100 yards) to accommodate all carriages of the train on the single track. Since this area is not raised, small platforms with stairs are positioned for passengers. History The station opened on 4 February 2004 when ''The Ghan'' operated the first passenger service on the newly constructed line from Alice Springs. In 2004, a small 0-4-0 steam locomotive, built in 1886 by Baldwin Locomotive Works, was put on display in the station. As the first locomotive in the Northern Territory, it was used during construction of the Palmerston and Pine Creek Railway and for 63 years more on the line. It became known as ''Sandfly' ...
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Government Of South Australia
The Government of South Australia, also referred to as the South Australian Government, SA Government or more formally, His Majesty’s Government, is the Australian state democratic administrative authority of South Australia. It is modelled on the Westminster system of government, which is governed by an elected parliament. History Until 1857, the Province of South Australia was ruled by a Governor responsible to the British Crown. The Government of South Australia was formed in 1857, as prescribed in its Constitution created by the Constitution Act 1856 (an act of parliament of the then United Kingdom of Great Britain and Ireland under Queen Victoria), which created South Australia as a self-governing colony rather than being a province governed from Britain. Since the federation of Australia in 1901, South Australia has been a state of the Commonwealth of Australia, which is a constitutional monarchy, and the Constitution of Australia regulates the state of South A ...
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Tarcoola Railway Station
Tarcoola railway station is a railway station in the Australian state of South Australia located on the Trans-Australian Railway in the state's west. It serves the town of Tarcoola and is the northern junction of the Sydney-Perth and Adelaide-Darwin railways, which share approximately of track between Tarcoola and Crystal Brook. History The Trans-Australian Railway was built through Tarcoola in 1915, and in 1980 it became a junction station when the Adelaide–Darwin railway diverged from Tarcoola to Alice Springs. This was extended to Darwin in 2004. It was initially built as a standard gauge replacement for the Central Australia Railway. There is a triangular junction at Tarcoola which joins Crystal Brook, Darwin and Perth. Another triangular junction at Crystal Brook joins Tarcoola, Adelaide and Sydney. The station has two triangles, a smaller one for turning locomotives, and the larger one to the west of the town gives direct access from the Darwin line to the Tran ...
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Australian Government
The Australian Government, also known as the Commonwealth Government, is the national government of Australia, a federal parliamentary constitutional monarchy. Like other Westminster-style systems of government, the Australian Government is made up of three branches: the executive (the prime minister, the ministers, and government departments), the legislative (the Parliament of Australia), and the judicial. The legislative branch, the federal Parliament, is made up of two chambers: the House of Representatives (lower house) and Senate (upper house). The House of Representatives has 151 members, each representing an individual electoral district of about 165,000 people. The Senate has 76 members: twelve from each of the six states and two each from Australia's internal territories, the Australian Capital Territory and Northern Territory. The Australian monarch, currently King Charles III, is represented by the governor-general. The Australian Government in its executive ca ...
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Asia Pacific Transport Consortium
The Asia Pacific Transport Consortium was established in 1999 to: Under a concession deed by the AustralAsia Railway Corporation, it was also contracted for performance of the project. The consortium performed all rail safety, marketing, operation and asset management functions associated with the business. It outsourced to rail service providers train control, train crewing, terminal loading, port operations, and maintenance associated with track and rolling stock. It derived the majority of its revenue from freight forwarders for transportation of general freight, and from transport agreements with mining companies. Revenues from the consortium's four largest customers accounted for approximately 53% and 55% of total revenues in 2009 and 2010 respectively. The design and construction was subcontracted to ADRail, a consortium of Kellogg Brown & Root, John Holland, Barclay Mowlem and Macmahon. The operations were subcontracted to an operating company, FreightLink, a cons ...
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Build–operate–transfer
Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project delivery method, usually for large-scale infrastructure projects, wherein a private entity receives a concession from the public sector (or the private sector on rare occasions) to finance, design, construct, own, and operate a facility stated in the concession contract. The private entity will have the right to operate it for a set period of time. This enables the project proponent to recover its investment and operating and maintenance expenses in the project. BOT is usually a model used in public–private partnerships. Due to the long-term nature of the arrangement, the fees are usually raised during the concession period. The rate of increase is often tied to a combination of internal and external variables, allowing the proponent to reach a satisfactory internal rate of return for its investment. Countries where BOT is prevalent are Thailand, Turkey, Taiwan, Bahrain, Pakistan, ...
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Railway Gazette International
''Railway Gazette International'' is a monthly business magazine and news website covering the railway, metro, light rail and tram industries worldwide. Available by annual subscription, the magazine is read in over 140 countries by transport professionals and decision makers, railway managers, engineers, consultants and suppliers to the rail industry. A mix of technical, commercial and geographical feature articles, plus the regular monthly news pages, cover developments in all aspects of the rail industry, including infrastructure, operations, rolling stock and signalling. History ''Railway Gazette International'' traces its history to May 1835 as ''The Railway Magazine'', when it was founded by Effingham Wilson. The ''Railway Gazette'' title dates from July 1905, created to cover railway commercial and financial affairs. In April 1914 it merged with ''The Railway Times'', which incorporated '' Herapath's Railway Journal'', and in February 1935 it absorbed the ''Railway Engine ...
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Subordinated Debt
In finance, subordinated debt (also known as subordinated loan, subordinated bond, subordinated debenture or junior debt) is debt which ranks after other debts if a company falls into liquidation or bankruptcy. Such debt is referred to as 'subordinate', because the debt providers (the lenders) have subordinate status in relationship to the normal debt. Subordinated debt has a lower priority than other bonds of the issuer in case of liquidation during bankruptcy, and ranks below: the liquidator, government tax authorities and senior debt holders in the hierarchy of creditors. Debt instruments with the lowest seniority are known as subordinated debt instruments. Because subordinated debts are only repayable after other debts have been paid, they are more risky for the lender of the money. The debts may be secured or unsecured. Subordinated loans typically have a lower credit rating, and, therefore, a higher yield than senior debt. A typical example for this would be when a pr ...
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