STATE GOVERNMENT SPENDS $110M ON MOUNT ISA RAIL LINE AND PORT OF TOWNSVILLE
The Deputy Premier, Jackie Trad, has unveiled the State Government's $110 million plan to discount freight charges on the Mount Isa to Townsville Rail Line and build a new freight terminal at the Port of Townsville.
Ms Trad announced the plan that aims to increase investment in the North West Minerals Province while in Townsville today.
"We will be providing $80 million to reduce access charges for those who use the Mount Isa to Townsville Rail Line to get bulk commodities to the Port," Ms Trad said.
Ms Trad said due to the Mount Isa to Townsville Rail Line being "monopolistic infrastructure", the $80 million would be invested over a four-year period.
"The Government is going to alleviate the cost pressures so that we can see more investment in the North West Minerals Province and we can see more jobs in Northern Queensland."
Ms Trad also announced $30 million to be contributed towards a new freight terminal to reduce commodities from being trucked 12 kilometers from Stuart to the port.
"We can get trains right from pit to port - that will make it all the more efficient and all the more productive for those miners in the North West Minerals Province," Ms Trad said.
The Queensland Budget 2019-20 will be tabled this Tuesday.