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About: AustralAsia Railway Corporation     Goto   Sponge   NotDistinct   Permalink

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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.