To the surprise of many speculative investors in the share market who had tipped Eurostar, Inter City Railways, a joint venture between Stagecoach and Virgin, won the franchise to run the East Coast mainline…
Articles on Privatisation
Displaying 121 - 140 of 153 articles
The IPO of Medibank Private is set to take place on November 25, and the indicative share price range in the prospectus released today suggests a market capitalisation of between A$4.3 billion and A$5.5…
Queensland’s Campbell Newman-led coalition will seek a mandate to privatise the electricity sector, along with two ports and water pipelines, in next year’s state election, despite it being rejected by…
The announcement that rail fares will increase by up to 5.5% is yet another indictment of the failure of the country’s privatised railway industry. Railway privatisation was sold to the public on the basis…
The Department for Education’s proposal that for-profit companies could provide child protection services and other statutory functions for families caused a major public uproar this spring – and the furore…
The English schools inspectorate Ofsted has announced it will be terminating contracts with its three private inspection services providers from September 2015 and will be employing school inspectors in-house…
Soma, a little mining village in western Turkey, became host to one of the greatest industrial crimes in mining history when an explosion trapped 800 miners 2km underground and 4km from the exit. At the…
The proposed sale of the Royal Australian Mint, expected to be announced in tonight’s Federal Budget, raises significant issues that should be addressed by the Coalition government before they go further…
Several train operators are bidding for a contract to run the main train line between London and Edinburgh, but the only company that has made a success of the line will be excluded. Why? For the past…
Treasurer Joe Hockey has spent much of the year – certainly since the G20 finance ministers’ conference in Sydney – talking up “capital recycling”. The idea sounds promising: new projects can be built…
The planned sale of Medibank Private by IPO continues a trend of privatisation that commenced with the Commonwealth Bank in 1991. While the debate about the merits of privatisation continues, it’s also…
Federal Treasurer Joe Hockey’s announcement that states will receive an incentive payment of 15% of asset sales if they invest the funds in infrastructure is good news for Queensland’s Newman government…
The proposed sale of Medibank Private is not popular, but as I wrote last year, and as Finance Minister Mathias Cormann points out, it’s hard to find public policy grounds to justify ongoing public ownership…
Nobody can ever state with certainty how much it will cost or how long it will take to deliver broadband services to more than 22 million people spread out over 7.6 million square kilometres. Even more…
In the first few weeks of 2014, private security company G4S has repeatedly had to deny reports of full-scale riots at the UK’s newest prison, HMP Oakwood, near Wolverhampton. The prison has experienced…
Sometimes in politics Newton’s Third Law – for every reaction there is an equal and opposite reaction – is applicable. Australia has a long history of public ownership, but it also has a long history of…
On Friday, the National Audit Office released a report detailing its investigation into the COMPASS housing project, a series of contracts between the Home Office and three service providers – G4S, Serco…
The Federal Government’s Commission of Audit reports at the end of this month. Tasked with identifying where efficiency and productivity improvements may be made across all areas of Commonwealth expenditure…
Australians returning from holidays to work this week were met with headlines reading: “ACCC calls for big asset sell-off”. Australian Competition and Consumer Commission chief Rod Sims had reportedly…
When Tony Abbott stepped up to claim victory for the Coalition in September, he declared Australia was “under new management and once more open for business”. One hundred days on, we look at the open for…
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