Tag: Rail

New owner for The Ghan and Indian Pacific

Allegro Funds has bought Great Southern Rail, the loss-making owner and operator of  The Ghan, Indian Pacific and Overland trains and products, for just £2.5m from Serco, a troubled UK company selling non-core assets. Allegro, an active investor that looks for turnaround opportunities, has said it will keep the present management team. Serco said it sold […]

Tumbarumba proves NSW needs more rail trails

Tumbarumba – a sleepy timber, grape growing and grazing town in the bucolic Snowy Valleys of NSW – is undergoing a quiet tourism revolution. It’s all down  to a new ‘rail trail’ that’s attracted more than 12,000 riders since a low-key opening during peak-COVID last April. Now other towns in the region want to join […]