The Federal Group says the cost of topping up a compulsory maintenance fund for the West Coast Wilderness railway played no role in its decision to abandon the tourist attraction.

It has been revealed a so-called "sinking fund' to cover non-routine upgrades was set up as part of the Federal Group's 20 year lease of the railway.

The Infrastructure Department says the company was only required to start contributing to the fund halfway through the lease, starting payments a few years ago.

Daniel Hanna from the Federal Group says the cost of the fund did not weigh on the company's finances.

"In the tens of thousands of dollars each year," he said.

The company is blaming low passenger numbers and impending capital costs for its decision to stop running the railway in April.

It says there is only about $160,000 left in the fund.

About News.net

Publishing Services International Limited (PSIL) is the publisher and operator of a worldwide network of online news sites dedicated to delivering fair, accurate and relevant reporting from a variety of the world’s most trusted sources – from the biggest cities to the smallest towns.

We deliver positive and powerful messages to our readers, providing up‑to‑the‑second news that matters to the individual.

Our promise is to serve communities and individuals worldwide, delivering information that hasn’t always been available to them. We will give them back a voice – a voice that’s empowering because it is theirs – and provide a platform to communicate between themselves and the world.

We believe people are not just generic demographics; they are individuals with their own preferences and curiosities. We are about understanding these individuals, listening to them, and serving them.

We are the new pioneering spirit of news – we’re not talking to everyone, we’re talking with every one.

If you want your news, your voice, your way, on your time – we’ve got news for you.

 

FAQs

Email

If you have any questions or concerns please email us on support@news.net

Phone

  • Australia, Toll Free 1-800-983-421
  • Hong Kong, Toll Free 800-906-187
  • Singapore, Toll Free 800-852-3871
  • USA/Canada, Toll Free 1-800-830-4132

Advertise With Us

Interested in being awesome?
Contact us by email or phone.

Cancel