QR National's confirmation of a deal to build the $900 million railway that will support stage one of Gladstone's spanking new $4 billion Wiggins Island coal terminal reinforces Queensland's relentless transformation from Sunshine State to Coal Country.
With the rail agreement done and dusted, the eight partners in the foundation $2bn campaign at Wiggins Island, led by Xstrata Coal, are now expected to move pretty quickly to a final investment decision.
It is said that the co-ordinating bank, ANZ, is making a final tour through the funding proposals offered by the Wiggins proponents, and that FID could be completed on schedule by the end of the month. Read More
The Australian
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