Joint Venture
One of the problems faced by Open Access is what is a fair price. Consider the Iron Ore minnow BC Iron which seeks access to the Forstescue railway. (Fortescue has declared itself to be an open access operator).
BC Iron and Fortescue agreed to set up a joint venture to operate both the BCI mine and the railway connection to the port. As the larger player, Fortescue will run the show. The joint venture gives BC Iron inside information as to how much the railway and port will cost, while Fortescue gains inside information about the mine.
Read more about this topic: Open Access (infrastructure)
Famous quotes containing the words joint and/or venture:
“I learned from the git-go in the joint to get in touch with the soft, nurturing side of myself, the feminine side.”
—Wesley Strick, U.S. screenwriter, and Martin Scorsese. Max Cady (Robert DeNiro)
“Writing, when properly managed ... is but a different name for conversation: As no one ... would venture to talk all;Mso no author, who understands the just boundaries of decorum and good breeding, would presume to think all: The truest respect which you can pay to the reader’s understanding, is to ... leave him something to imagine, in his turn, as well as yourself.”
—Laurence Sterne (1713–1768)