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The Queensland Government says it plans to go ahead with a public float of QR National despite an offer from coal companies to buy the coal rail network.
QR National has today split from Queensland Rail's passenger services ahead of privatisation.
Passenger services will remain publicly-owned.
Transport Minister Rachel Nolan says a bid from a consortium of coal companies lacks detail.
"We have sought some further information from the coal companies about exactly what they're talking about, but frankly the offer at this stage is quite thin in its detail," she said.
"So it does remain Government's intention to float at the end of this year."
Ms Nolan says 9,000 workers will now be employed by QR National.
"From today there won't be a great deal of change in the feel of the organisations for those people," she said.
"People for instance at the Redbank railway workshops will turn up to work today and the organisation will feel the same, but they will be in a different entity called QR National."
But Rail Tram and Bus Union (RTBU) spokesman Owen Doogan says he cannot rule out industrial action.
"We will be continuing with a campaign to oppose privatisation," he said.
"There are rallies planned throughout Queensland in the next two to three weeks about that let us keep our railways.
"We keep sending the message to [Premier] Anna Bligh the people of Queensland do not want to lose their railways."
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