FOLLOWING speculation that Pilbara iron-ore miner Fortescue Metals Group (FMG) was considering selling its rail infrastructure as a way of reducing its debt liabilities, the company has confirmed to The West Australian newspaper that it has opened up a data room for a small group of potential investors.
SECOND tier iron ore miners operating in the mid-west of Western Australia have been dealt a blow with the indefinite suspension of the $A6bn ($A 6.2bn) Oakajee Port and Rail (OPR) project, which would have provided them with a 570km standard-gauge, heavy-haul, open-access rail link to the proposed new port facility at Oakajee 24km north of Geraldton.
AUSTRALIA's trackSAFE Foundation, which was established to address the emotional, mental and physical trauma caused to Australian rail employees as a result of accidents on the rail network, has called for the removal of Melbourne's level crossings, and more serious penalties for road users who disobey level crossing road rules following a tragic accident in the city on Saturday.
AUSTRALIAN federal government think tank Infrastructure Australia (IA) has released a discussion paper: Australia's Public Infrastructure - Part of the Answer to Removing Infrastructure Deficit which identifies more than $A 100bn ($US 104bn) of government-owned transport assets that could be sold to the private sector.
QR NATIONAL has awarded the Aspect3 Alliance, a joint venture of Invensys Rail and QR National, a $A 37.5m ($US 38.5m) turnkey signalling contract for part of the initial phase of the Wiggins Island Rail Project, which will significantly increase coal capacity on the central Queensland heavy-haul network.
THE government of the Australian state of Queensland has announced plans to sell approximately half of the shareholding it retained in QR National (QRN) following partial privatisation of the railfreight operator in November 2010.