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Inland rail a trifecta for Toowoomba region: mayor
CANBERRA -(Dow Jones)- Privately-held Australian Transport & Energy Corridor Ltd. on Friday announced plans to build a new open access standard gauge railway linking Moree in northern New South Wales and Toowoomba in southern Queensland for about A$900 million.
The 340 kilometers Border rail corridor will be created by a consortium of ATEC, international infrastructure company Laing O'Rourke and the Inland Railway Trust, ATEC Chairman Everald Compton said in a statement.
Border Railway requires the construction of 195 kilometers of new line and the replacement of 142 kilometers of existing rail, he said.
ATEC aims to reach financial close for the Border Railway in 2011 and compete construction by 2014, he said.
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