The Corporation was set up in 1997 by the Northern Territory and South Australian Governments to manage the awarding of a Build, Own, Operate and Transfer back (BOOT) concession for the AustralAsia Railway and to enter into contractual arrangements with the successful consortium.
The Corporation now focuses on ensuring delivery of all its obligations under the Concession Deed and that other parties deliver on their obligations throughout the Concession Period.
One Rail is one of the largest rail freight service providers in the country and is the Concession holder of the deed. They specialise in:
Journey Beyond Rail, operator of the Ghan passenger service, ran its first service on the AustralAsia Railway in February 2004 after arranging access with operator FreightLink (now One Rail). The journey takes you between Adelaide and Darwin with touring stops on the way. The trip takes three days and two nights, with an optional fourth day travel in the high season
The AustralAsia Railway Corporation organisation structure links two Governments, the Northern Territory Government and South Australian Government.
The South Australian Government, which then administered the Northern Territory authorised a railway line from Port Augusta to Government Gums.
The South Australian and Northern Territory Governments signed a Memorandum of Understanding.
17th July 2001, First sod turned by Prime Minister John Howard.
The inaugural freight train left Adelaide on 15 January 2004 and arrived in Darwin on 17 January 2004.