Posted in | Coal | Mining Infrastructure

QR National Inks $900 Million Bowen Basin Coal Rail Link

QR National has inked a deal to construct the Wiggins Island Rail Project to Gladstone. The agreement with Xstrata Coal, Aquila Resources, Bandanna Energy, Caledon Resources, Northern Energy, Yancoal, Wesfarmers Curragh and Cockatoo Coal, is worth $900 million for the construction of stage one of the rail infrastructure.

Dr Ray Shaw, the Managing Director of Bandanna Energy said the rail agreement was a very significant milestone both for Bandanna and other stage one shippers from the coal terminal. The construction of the rail project is to begin in 2012 and the first railings are forecast for mid 2014. The remaining infrastructure is to be completed by March 2015.

Lance Hockridge, the managing director of QR National said that this Wiggins Island Rail Project would be one of the largest rail expansions in Australia and represents a significant commitment to the future growth of the Queensland Coal industry. He added that the project would increase exports from the southern Bowen Basin coal region by 30 per cent.

The deal is still subject to the approval of the Queensland Competition Authority. A final financial commitment is yet to be made but seems imminent. If it goes through the rail building project alone will generate close to 3000 direct and indirect jobs during the construction phase. It will also underpin a 27 million tonnes expansion of the Gladstone coal exports.

Joel Scanlon

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Joel Scanlon

Joel, originally from the UK, emigrated to Australia in 1995 and spent 5 years working in the mining industry as an exploration Geo-technician where he developed skills in GIS Mapping and CAD. Joel also spent a year working underground in a gold/copper mine. Upon moving to the North Coast of NSW, Australia Joel worked as a graphic designer for a leading consultancy firm before starting a successful business providing graphic and web design services to local businesses on the eastern seaboard of Australia. Joel is skilled in project management, web programming, design, animation, database and networking, software and editing. Joel has been with AZoNetwork since its inception in 2000.

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