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Statement by Queensland Treasurer Andrew Fraser
The Government notes the decision by QCIRG to not lodge a binding bid for the Central Queensland Coal Rail Network.
When the initial letter was received, the Government said it would take it seriously, and it has.
I thank QCIRG and its Chairman for the professional way in which they have conducted themselves. The State has invested significant resources in conducting this process, including the due diligence process.
The Government is committed to boosting efficiency and competition on the rail network, and the Government welcomes and shares the industry's commitment to work constructively on this front.
The Government has maintained its preparations to float QR National.
This is Australia's largest rail freight operator, with strong growth prospects on the back of Asia's demand for our resources. The State is confident of a successful float in the final quarter this year.
Treasurer and Minister for Employment and Economic Development
The Honourable Andrew Fraser
09/09/2010
Permanent Link: Statement by Queensland Treasurer Andrew Fraser
Publish Date: 09 Sep 10
Executive Building, 100 George Street, Brisbane
Phone: 07 3224 5908
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