China Invests to Australian Rail Project

China Invests to  Australian Rail Project
August 25, 2007 7:19 am

Australian company Yilgarn Infrastructure has struck a A$750m investment deal with five Chinese companies to develop a massive rail project in Western Australia.
The Oakajee Port and Rail Project has just completed engineering pre-feasibility studies and is awaiting the next stage of tests.
The rail project will be an independently operated port and railway designed to service all the region’s commercial mines and to reach existing and future users.
“This agreement provides significant opportunities for Western Australian companies to form partnerships in key roles for this project and to take advantage of China’s demand for our products and the need for local expertise”, says Yilgarn CEO Dr John Saunders.
The five companies – who own combined assets of more than $50bn and revenues of more than $60bn – includes some of China’s biggest enterprises in port and railway construction, iron-ore trading and steel production. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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