QR National Says Wiggins Island Rail Project On Track For 2015 Completion
May 28 2012 - 7:25PM
Dow Jones News
QR National Ltd. (QRN.AU) said Tuesday the construction of its
Wiggins Island Rail Project, which will link to a new export
terminal at Gladstone, is on track for completion by March 2015
after the scheme was approved by the Queensland Competition
Authority.
In September, QR National's wholly owned subsidiary QR Network
Pty Ltd. agreed with a consortium of coal companies, including
Xstrata Coal, Aquila Resources (AQA.AU), Caledon Resources,
Northern Energy Corp. (NEC.AU), Yancoal Australia Pty. Ltd.,
Wesfarmers Curragh and Cockatoo Coal (COK.AU), to build the rail
project.
Work at the site started earlier this year and first railings
are scheduled for mid-2014.
"We've got a large workforce already mobilised in the field and
making good progress," QR National Executive Vice President Network
Michael Carter said in a statement.
-By Rhiannon Hoyle, Dow Jones Newswires; 61-2-8272-4625;
rhiannon.hoyle@dowjones.com
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