QR National To Construct A$900 Million Wiggins Island Rail Project
05 Settembre 2011 - 1:28AM
Dow Jones News
Rail freight provider QR National Ltd. (QRN.AU) has agreed with
a consortium of coal miners and exporters to construct a A$900
million rail line to a coal export terminal at Wiggins Island at
Gladstone on Australia's northeast coast, the company said
Monday.
Construction will begin early next year and generate up to 3,000
jobs directly and indirectly with first railings in mid 2014 ahead
of completion by March 2015, QR said.
The rail project supports the initial 27 million metric tons a
year of coal to the proposed Wiggins Island terminal.
The coal companies involved are Xstrata Coal, Bandanna Energy,
Caledon Resources, Northern Energy Corp., Yancoal Australia,
Wesfarmers Curragh and Cockatoo Coal.
-By Ray Brindal, Dow Jones Newswires; 612 62080902;
ray.brindal@dowjones.com
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