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the board of directors decided that a voluntary sale process would allow the consortium to comply with its obligations under that agreement. A preferred bidder was appointed in
September 2008 but the bidder's offer lapsed. The board then appointed a voluntary administrator. In November 2008, the senior banks appointed receivers and managers, the No Action Agreement was terminated and the senior bank borrowings were called by the security trustee on their behalf, and a sale process was started. At that time, financial markets declined because of the global financial crisis and in 2009 the interested parties eventually declined to make offers.
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for the sale of the consortium's assets, contracts and agreements. However, delays in various governmental and regulatory approvals resulted in the assets subject to the agreement being held on a continuing-use basis, and the receivers continued to operate the consortium on a business-as-usual basis
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In
December 2006 the consortium entered into a No Action Agreement with its senior banks until March 2009 to allow it time to continue its business ramp-up activities so that it would be in a position to either sell or restructure its business, or refinance its senior debt facilities. Early in 2008,
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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
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A deed of company arrangement was approved by creditors of the consortium in April 2009 and executed on behalf of the senior banks in May 2009, to which the consortium was to be subject for up to four years unless the business was sold by the receivers. In June 2010, the receivers signed a business
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until the sale date of 1 December 2010. After completing the sale as a going concern, the receivers handed the companies included within the consortium back to the administrator and the joint venture back to the shareholders. The companies were liquidated, thus ending the consortium.
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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.
230:, operates trains, controls traffic, and maintains above-rail and below-rail assets on the Tarcoola–Darwin line. It also inherited the obligations of the concession deed with the regulator — the
197:. FreightLink in turn subcontracted specialist activities, such as logistics and terminal operations, rail maintenance, rail operations and port operations, to various subcontractors.
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Meanwhile, although the railway had led to a boom in bulk mineral transport, the operating company, FreightLink, was unable to repay its debt and in
December 2010 was purchased by
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The first freight train arrived at Darwin's East Arm Port from
Adelaide on 17 January 2004, operated by FreightLink. The first passenger train,
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234:, which oversees fulfilment of deed obligations. One Rail Australia will continue to do so until 2054, when ownership will pass to the
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is a consortium of three companies and a joint venture established to operate a railway in
Australia.
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construct and maintain 1420 kilometres (882 miles) of rail line between
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A consortium involved in construction of the Alice
Springs to Darwin railway line
226:, which until then had operated the railway's rolling stock. That company, now
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270:"Audited combined financial statements of Asia Pacific Transport Consortium"
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lease and maintain the pre-existing 830 km (515 mi) line between
295:"Harsco Unit to Support Massive Railway Construction Project in Australia"
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The design and construction was subcontracted to ADRail, a consortium of
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The operations were subcontracted to an operating company,
466:: the source is only accessible via a paid subscription ("
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to Darwin freight service for 50 years from
January 2004.
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integrate the railway line with Darwin’s East-Arm Port
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30:Consortium of three companies and a joint venture
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487:Railway infrastructure companies of Australia
404:. Australian Business Register. 2 August 2020
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112:The consortium was established in 1999 to:
497:Australian companies established in 1999
398:"Search results – active ABNs and names"
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449:AustralAsia link making rapid progress
492:Railway companies established in 1999
297:(Press release). Harsco. 20 June 2001
274:US Securities and Exchange Commission
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268:PricewaterhouseCoopers, Adelaide.
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97:Asia Pacific Transport Consortium
22:Asia Pacific Transport Consortium
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428:AustralAsia Railway Corporation
372:AustralAsia Railway Corporation
232:AustralAsia Railway Corporation
224:Genesee & Wyoming Australia
156:AustralAsia Railway Corporation
154:Under a concession deed by the
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339:"Alice to Darwin Rail Project"
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317:"ADrail Joint Venture Company"
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240:build–own–operate–and–transfer
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453:Railway Gazette International
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195:Australian Railroad Group
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167:Kellogg Brown & Root
236:Australian Government
216:Genesee & Wyoming
242:agreement will end.
214:sale agreement with
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228:One Rail Australia
127:Northern Territory
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139:and Alice Springs
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345:. 5 March 2003
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368:"First train"
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171:John Holland
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145:operate the
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108:Construction
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27:Company type
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191:FreightLink
88:FreightLink
77:Rick Allert
481:Categories
424:"About us"
402:ABN Lookup
246:References
185:Operations
79:(Chairman)
72:Key people
343:IJ Global
131:Australia
408:2 August
382:3 August
279:2 August
238:and the
203:The Ghan
179:Macmahon
147:Adelaide
137:Tarcoola
468:paywall
434:30 June
349:19 June
323:19 June
301:19 June
125:in the
103:History
61: (
53:Defunct
43: (
35:Founded
430:. 2020
319:. ATNS
123:Darwin
84:Owner
436:2020
410:2020
384:2020
351:2022
325:2022
303:2022
281:2020
177:and
121:and
95:The
63:2010
56:2010
45:1999
38:1999
470:").
129:of
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