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Overall I think its done alright - the model used in Victoria isnt favourable to it.
Kennett shouldnt of split it into 5 for "competition" purposes. 3 companies would of been sufficient: Trams, Metro Trains, Country Trains.

We should of also taken up the UK model - make companies more independent - as they grow and establish, the subsidy is reduced.

Bracks mumbled around when National Express left - he increased the subsidies & blamed it on Kennett.
He also missed a chance to buy back the tracks when Freight Victoria was sold off to Pacific National.
 

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Kennett himself acknowledges it wasn't done right. But he maintains the concept is right.

The major problems are, of course:
(1) The system was split up into multiple operators for no apparent reason -- it's not as though they competed with each other.
(2) The private companies need to be explicitly and verbosely dictated to in what exactly they have to provide. This means a fairly substantial public sector bureaucracy is required to oversee this.
 

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^^^^^^^^^^^

Kennett was warned not to ignore the lessons of what occured over in Britain and America. He ignored it completely. Now Bracks continues to do exactly the same thing. Bracks has had many chances to take back transport he elects to continue subsidising these private, foreign operators. In other words, MORE cash flowing out of our nation.

Private profits, public losses. That is the mantra of the PPP.
 
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