Published 1 year ago

Taxpayers 'won't pay a cent' of $94 million fee to scrap Adelaide rail privatisation, minister says

Summary by Ground News

The SA government says taxpayers will not be "paying a cent" of a $94 million potential penalty to break a rail privatisation contract. The government today declared its intention to push ahead with plans to scrap the $2.14 billion agreement between the previous government and Keolis Downer. Transport Minister Tom Koutsantonis said instead of delivering $118 million in savings, the controversial privatisation would have instead cost taxpayers up to $120 million.

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ABC Australia

Adelaide train privatisation to be scrapped despite termination fee, SA government says

The SA government is banking on Keolis Downer not pursuing legal action against it when it pushes ahead with plans to scrap the privatisation of Adelaide's rail network — despite a $94 million termination clause.

1 year ago·Australia

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