TasRail has recorded a $10 million net loss in its first year of operation.
The state-owned company was established when the Government bought back Tasmania's crumbling rail network from Pacific National for $30 million last year.
TasRail says making rail freight in Tasmania a profitable business is a significant challenge given the competition from road freight.
No dividends have been paid to the State Government.
TasRail says State and Federal funding needs to be spent on track upgrades, new locomotives, new wagons and a modern train control system.
source: ABC
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