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New South Wales government agrees equity injection for Reliance Rail

07 February 2012

The New South Wales government, advised by Lazard, has signed an agreement with Downer EDI and other shareholders to invest A$175 million ($189.1 million) in the Reliance Rail concession. The project, signed in 2006, was the first for a rolling stock procurement in Australia, but has since been beset by numerous setbacks, prompting...

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