In 2003 the railway was purchased by Pacific National, a partnership of Toll Holdings and Patrick Corporation following the purchase of Tranz Rail by Toll Holdings, and the sale of Wisconsin Central's overseas investments as a result of that railroads takeover by Canadian National. The company later acquired Emu Bay Railway in the north-west of Tasmania.
Purchased from Tranz Rail:
TasRail upbeat about prospects for growth: after years of uncertainty, the future of railfreight services on Australia's island state of Tasmania appears bright reports John Hoyle.(Freight)
Jun 01, 2011; TASMANIA's 1067mm-gauge rail network, now back in public ownership after a rollercoaster ride in the private sector (IRJ November...