Grain company Viterra has signed a multi-year, multi-million-dollar deal with Genesee and Wyoming Australia, which will see rail services secured for at least five years.
The $100 million agreement covers a five-year term for the main lines in South Australia's eastern and central regions and a three-year term for the Eyre Peninsula, with the option to extend.
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Sounds like a feel good announcement from GWA and Viterra. Says a lot about nothing. $20m per annum for grain. Not a lot.