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Action for Public Transport (N.S.W.) Inc. |
The first, a news item headed "Critics slam 'Macquarie Model'" in the Weekend Business section on 5 April 2008, reported that "research released this week will send shockwaves through (Australia's infrastructure) sector and give both state and federal governments cause for concern, as they have mostly privatised public assets via these (financially engineered infrastructure) structures".
The article commenced- "New York-based corporate governance service RiskMetrics Group has delivered a stinging rebuke to Australia's infrastructure sector and in particular the "Macquarie Model" which has been mimicked by Babcock & Brown and has spawned a generation of toll roads, airports, telecommunications and power-generation stocks."
The second item, a letter to the editor published on 17 April 2008, warns against the sale of the Sydney Ferries Corporation in particular.
