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Treasurer Andrew Fraser says the State Government will wait until the last moment in deciding when to float Queensland Rail's (QR) coal freight business.
Mr Fraser has acknowledged warnings the current market for public floats is not good.
But he says QR National will not go on sale until the end of the year.
"Our timing, we've always said, is the fourth quarter, subject to market conditions," he said.
"Obviously no-one is going to pursue that as the timing if the market is not there.
"It's a big hard-nosed commercial call ultimately by the Government, so it will be one long night."
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