The sell-off is intended to save the government $A 750 million in
interest payments over the next five years and allow it to tackle an
anticipated $A 14 billion shortfall in government revenue over the next
four years. Bligh also says the privatisation programme will save the
state $A 12 billion in investment, which would become the
responsibility of the private sector.
Before the economic downturn
Queensland's total rail haul was expected to reach more than 300
million tonnes per year by 2015, and QR plans to invest around $A 2.1
billion in new infrastructure and rolling stock by 2012 as part of a
drive to increase capacity. QR operates around 550 coal
trains per week from 56 mines in both Queensland and New South Wales.