10 May 2017

Pacific National response to Federal Government’s commitment Inland Rail

In response to the Aurizon ASX announcement today Pacific National is pleased to announce a binding agreement with Aurizon to purchase the Acacia Ridge Intermodal Terminal in Brisbane, Queensland.

Leading rail freight operator Pacific National has welcomed the Federal Government’s commitment to fund the Inland Rail project.

 

More than thirty years since the ambitious rail link was first suggested, the 1,700km rail line is now well on track to become a reality following the $8.4 billion commitment in last night’s Federal Budget.

Pacific National believes the Inland Rail project will be transformative for Australia, helping revitalise regional communities and providing a boost in national productivity that will deliver for generations to come.

“Australia has a growing problem that can’t be ignored – we are trying to move too much freight on our increasingly congested road and rail networks along our Eastern seaboard,” said Pacific National CEO David Irwin.

“Inland Rail is a true game-changer and we commend the Government for its commitment to such an important nation-building project.

“We look forward to working with the Government and all the communities along the route to see Inland Rail become a reality and ensure it’s a huge success once operational.”

Pacific National particularly commends the Government’s commitment to commencement of construction in the FY17/18 year.

“We want a swift and smooth construction program and a clear path to the day the first freight trains can start using the route – and this will ensure potential investors and rail operators can plan for the future with greater certainty.

Pacific National has an extensive network of rail freight operations across Australia, providing service to many of the country’s biggest companies. A large proportion of both our customers and our employees are located in rural and regional communities.

The prospect of Inland Rail and the opportunities it offers for growth and development in the regions is strongly supported by PN.

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Contact

Pacific National Communications

pn_communications@pacificnational.com.au