GVK Hancock in pact with Australia firm to haul coal

The infrastructure is being developed by GVK Hancock, including the Galilee Basin North-South rail line, which has been recently announced as the preferred rail corridor by the Queensland state government.

The MoU sets out the key commercial principles, including the scope of services, pricing principles and service requirements, for GVK Hancock to provide transportation services to QCoal and its joint venture parties, a release from GVK Group said.

GVK Hancock and QCoal have also been in detailed discussions identifying numerous areas of co-operation developed by both parties and to contribute significantly to the economic development of Queensland.

GVK Hancock noted that executing the agreements for utilising the transport infrastructure will be seen as a major milestone towards providing third party users with fair, commercial access to infrastructure capacity.