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Article: AUSTRALIA'S WCR AGREES ON TERMS FOR TRANZ SCENIC RAIL PURCHASE.

Article from:
AsiaPulse News
Article date:
June 26, 2001
Copyright

WELLINGTON, June 26 Asia Pulse - Melbourne-based West Coast Railways (WCR) has announced that is agrees to the terms by which it would buy Tranz Rail's Tranz Scenic long distance passenger services.

WCR's general manager Don Gibson told NZPA WCR had entered agreed a "terms sheet" -- "a set of conditions on which we can get together to purchase Tranz Scenic".

He denied an earlier report that the sale had been agreed.

"The sale hasn't gone through. There is no contracted sale yet. What there is, we are preferred bidder and we have got a terms sheet with conditions and we are moving through those," Mr Gibson said.

He declined further ...

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