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Transport & Logistics

Galilee rail-port project moves a step closer

4 Dec 2013, by Informa Insights

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A proposed rail linkage between the Galilee Basin coal projects and Abbot Point Port in Queensland moved a step closer last week (November 25).

An agreement between Aurizon and GVK Coal Infrastructure has been reached, with the initiative set to unlock billions of dollars in major resources schemes.

Deputy premier and minister for state development, infrastructure and planning Jeff Seeney welcomed the news, adding that it will allow access to the Galilee Basin’s massive coal reserves.

“[This] announcement demonstrates that commercial operators have confidence in our achievements in these critical areas,” he said.

“The Galilee Basin and the projects within it represent great opportunities for Queensland, as we work to supercharge the economy that stalled under Labor. They are worth billions of dollars and will create thousands of jobs.”

Mr Seeney said the state government is keen to work with proponents of the rail project closely to ensure the best results.

The minister added that commitments have been made to bring growth to Queensland’s resources sector, as well as guaranteeing the delivery of better infrastructure and planning.

“This is why our government recently released the Galilee Basin Development Strategy, which maps out a series of initiatives the Newman government will consider to facilitate the first movers in this area of the state,” he explained.
He claimed these ventures are specifically designed to lower the start-up costs for businesses hoping to invest in the area, while also fast-tracking important development projects.

Mr Seeney said the government is looking forward to working with Aurizon and GVK to ensure these lucrative schemes come to fruition.

The news came just days after the state announced its 30-year framework strategy for the mining industry – ResourcesQ – which highlighted the importance of government and industry working together to achieve the best outcomes for statewide initiatives.

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