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•
•
A number of efficiency and
productivity initiatives being
delivered, realising significant
operational improvements, expense
reduction and capital expenditure
savings throughout the year.
•
•
Highly effective responses
to a number of severe weather
events and incidents impacting
the network, such as Tropical
Cyclone Debbie and severe flooding
in several states during 2017. This
resulted in an effective doubling
of net incident costs to $14 million
compared to the prior year.
It is a credit to ARTC’s strong
leadership and prudent financial
management that the business
delivered these solid results
despite the challenges faced.
—THE GOVERNMENT’S
COMMITMENT TO
DELIVER INLAND RAIL,
AUSTRALIA’S LARGEST
FREIGHT RAIL PROJECT
One of the key defining milestones
during the year was the Australian
Government’s significant commitment
to deliver Inland Rail.
As part of the 2017-18 Budget, the
Australian Government committed
to fund Inland Rail through a
combination of an equity investment
in ARTC of $8.4 billion, prudent
leveraging of ARTC’s balance sheet
and a Public Private Partnership for
the most complex elements of the
project. This is in addition to $900
million of Commonwealth investment
already committed to the project.
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