Rail infrastructure bid collapses

THE Queensland Coal Industry Rail Group has abandoned its $A5.1 billion bid for Queensland Rail National’s rail infrastructure as coal company members fail to stick to their financial commitments – paving the way for a public float of QRN in the coming months.

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The industry consortium said it would not proceed to lodge a conforming offer for QRN’s coal network as QCIRG was not able to satisfy its own requirements for the bid, or the Queensland government’s

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