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Article: Aust bid for Tranz Scenic

Article from:
The Press
Article date:
June 26, 2001
Copyright

WELLINGTON -- Melbourne's West Coast Railway (WCR) has confirmed that it is the preferred bidder for Tranz Scenic.

Tranz Rail is expected to announce sales details today for its long-distance passenger services.

"At this stage we're the preferred bidder," Andrew McDonald, marketing manager for privately owned WCR, said yesterday. "Negotiations are taking place at the moment," he said.

He declined to disclose the price, but said WCR hoped the talks would be completed soon.

Reports last week said an Australian company was going to buy the Tranz Scenic network, but four services were to be closed .

WCR chief executive Don Gibson said a statement would be released today.

Tranz Rail ...

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