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Australia's largest freight operator has received exclusive rights to develop the rail and port infrastructure for a major Pilbara iron ore project in which it is a partner.
A newly signed infrastructure agreement for the $10 billion West Pilbara Iron Ore project gives Aurizon until January 2016 to devise a commercially viable plan for developing a new deep water port at Anketell and 280 kilometres of rail linking the project to the port.
The West Pilbara project is being developed by a joint venture including Aurizon, China's Baosteel, American Metals & Coal International and South Korea's POSCO.
The parties have the right to terminate the infrastructure deal if Aurizon fails to deliver an acceptable commercial plan.
Aurizon intends to sell its share in the project once the rail and port infrastructure is in place.
This article first appeared on www.theaustralian.com.au
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