Qube and Aurizon to commence direct negotiations with MIC over Moorebank
Qube Holdings Ltd (Qube) and Aurizon Holdings Limited (ASX:AZJ) today confirmed they had been invited to commence direct negotiations with the Commonwealth owned Moorebank Intermodal Company (MIC) about development and operation of the Moorebank Intermodal Terminal in South Western Sydney.
Qube Holdings Ltd (Qube) and Aurizon Holdings Limited (ASX:AZJ) today confirmed they had been invited to commence direct negotiations with the Commonwealth owned Moorebank Intermodal Company (MIC) about development and operation of the Moorebank Intermodal Terminal in South Western Sydney.
Qube and Aurizon, through their joint SIMTA consortium, have participated in the expression of interest process conducted by the MIC over the past six months. The SIMTA consortium has also been progressing development of its own intermodal terminal at Moorebank.
Qube Holdings Managing Director Maurice James said, “We are pleased to now have the opportunity to bring the two projects together through direct negotiations with Moorebank Intermodal Company.
“We have always believed that the Moorebank precinct should be developed as an integrated freight hub for South Western Sydney. Adopting a whole of precinct approach will produce the most efficient outcome for taxpayers and the community in the development of this vital freight infrastructure.
“We will work hard over the next few months to reach agreement with the MIC to develop an integrated precinct that will deliver the best solution for the community, the Commonwealth and investors.”
Aurizon Managing Director and CEO Lance Hockridge welcomed the announcement by MIC.
“As Australia’s largest rail freight operator, Aurizon is delighted to progress the proposal to co-develop the strategic rail and port infrastructure of South Western Sydney. The project will potentially help unlock the transport gridlock of Australia’s largest city and will deliver strategic and critical export infrastructure for the nation” he said.