Monday, September 30, 2013

Schott upbeat on Moorebank plans

Moorebank Intermodal Company chairman Kerry Schott is confident that the private sector could fund a proposed freight terminal in south-western Sydney on government land, according to The Australian Financial Review.

The development of a freight terminal in the area has faced uncertainty, with the federal government pushing plans, through Moorebank, to build an $800 million terminal on the government land, but Qube Logistics has argued that it can build a terminal on land it owns next door more cheaply and efficiently.

However, the government has been hesitant to pursue a plan that would involve a private operator running the infrastructure.

Ms Schott is confident that the ultimate solution will see the private sector finance the terminal, potentially with Qube's involvement, while leaving its operations in public hands.

"My expectation is that the private sector will pay," Ms Schott told the AFR.

"Everyone in the industry is extraordinarily supportive of it... we'll go to the market before the end of the year and have a competitive tender process which I'm expecting Qube to be a part of."

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