Queensland Government has selected GVK Power & Infrastructure’s Rail Corridor for connecting Galilee Basin to Abbot Point Port. This development highlights GVK’s advanced status and its commitment to ‘Opening up the Galilee Basin’. This investment is expected to deliver wider benefits as it provides both initial and additional capacity to satisfy both Galilee and Bowen Basin rail capacity requirements in the future. This, combined with the continued investment in the Strategic Rail Corridor, underlines Queensland’s state Government's commitment to develop rail infrastructure for many decades to come.
The company now is awaiting cooperation with State and Federal Governments and third party users as it continues to finalise the requisite approvals to enable the construction of the 495km standard gauge multi-user rail system from the Galilee Basin to Australia’s closest port to Asia, Abbot Point, just north of Bowen to occur.
GVK’s railway alignment is the most efficient and cost effective option and is expected to benefit the Galilee Basin for many decades. It is also the most advanced with agreement reached with a majority of landowners, rail infrastructure manager accreditation in place, advanced design based on extensive operational modelling and ground survey and strong interest for third party rail haulage services from other Galilee Basin proponents and existing Bowen Basin coal producers.
Company Name | CMP |
---|---|
NTPC | 354.95 |
Tata Power | 426.00 |
Power Grid Corp | 311.00 |
Adani Power | 631.85 |
Torrent Power | 1362.80 |
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