Im not sure Queensland is why this transaction is happening. The North American ops are 85% of GW so i suspect something more about value return to shareholders at a corporate level, or other larger transactions bigger than Qld.
I had a look at their 3'6" fleet and its fantastic ........ if you're a heritage railway looking for a first generation diesel.It would be a greenfield operation in Qld requiring new locos and wagons
But seriously their GWN's are their only competitive narrow gauge locos and there is only 5 of them. I'd think it's reasonable to say you need GWN's or Siemens electrics to even have a start at hauling coal in Qld.
Could the older locos handle the traffic currently hauled by the GWN's thus allowing the GWN's to be transferred to Qld ? Even then 5 locos is bugger all.
You give GWA a large rail company with a large international company as a customer and several years later you end up with a smaller rail company. Anyone remember Warwick Fairfax?"Young Warwick" Fairfax was a spoilt little brat with no understanding of the real world of business and just a couple of degrees under his belt at 26 years of age when he did a number on Fairfax.
I did a quick google search of G&W Australia and it is owned by 51% G&W and 49% Macquarie Group , , so if Macquarie bought 2% they should have control ... right ??Ah yes but G&W would have to SELL them that 2% which they would never do unless they actually wanted to cede control to Macquarie.
Maybe you could get a management change .....