It doesnt sound to good , but i doubt its the end . Hopefully the federal government will inject some $$$$ . Although distances are very short , there are consoderable bulk flows on the island .
there is also considerable political influence form the green party too i believe .
Tasmania railway was once owned by tranzrail , New Zealands rail operator , and they shipped 2nd hand locos and wagons form Nz over there , so it will be an old fleet alright .