Aurizon welcomes positive vote on Queensland Train Crew and Transport Operations Enterprise Agreement
Update on Queensland Enterprise Agreements
Aurizon renews coal haulage contract for Dawson and Callide Mines with Anglo American and Mitsui
Aurizon uses drones to inspect rail assets
Aurizon welcomes Fair Work Commission decision to terminate Enterprise Agreements
Aurizon welcomes SIMTA and MIC Moorebank agreement
Aurizon reaches in principle agreement with unions on train crew EA
Aurizon welcomes positive vote on Queensland Construction and Maintenance Enterprise Agreement
Aurizon sets up Perth hub
Aurizon chief Lance Hockridge not done shaking up rail giant
The Queensland Court of Appeal has dismissed an appeal by a group of miners over charges imposed by Aurizon for upgrades of the Wiggins Island Coal Export Terminal at the Port of Gladstone.
The decision is the latest in a court battle that has been running since March 2016, when Aurizon challenged the validity of notices by the miners who sought to reduce how much they would have to pay for the upgrades.
In a statement to the ASX, Aurizon welcomed the court’s decision.
“Today’s decision by the Queensland Court of Appeal means that the customers’ notices are invalid and Wiggins Island Rail Project (WIRP) Fees are payable to Aurizon.”
The company said that no revenue has been accrued for the above regulatory fees since the project was completed in 2015 and the decision does not impact Aurizon’s regulated return for the project.
In a separate Expert Determination process, it was stated that the WIRP fee should be reduced, and Aurizon indicated it is looking at options for appealing that outcome.
Aurizon, which manages the central Queensland coal network in addition to its above rail operations, invested roughly $800 million in the WIRP. However, since completing the WIRP in 2015, coal prices have dropped significantly, leading to the miners seeking to reduce their costs.
With some of the original owners of the Wiggins Island export terminal going into administration, the cost for the remainder to access the port had increased.
This article first appeared on www.railexpress.com.au
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2020 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.