John Faulkner (NSW, Australian Labor Party, Cabinet Secretary) Share this | Hansard source

I am certainly aware that the Australian government’s share of the package is $78 million over 10 years to fund the upgrade and rehabilitation of the AusLink Tasmanian rail network. I understand the Tasmanian government is committing $40 million over 10 years for ongoing network maintenance. I also understand that Pacific National is to contribute $38 million over eight years to upgrade its rolling stock. Under the MOU, Pacific National agreed to a 10-year operating term subject to trigger events which enable both the Tasmanian government and PN to reconsider arrangements. The trigger events here—that is, a 20 per cent or more reduction in intermodal volumes or a loss of one or two—