Yesterday
- Exclusive
- Infrastructure
New road, rail spending slumps as Labor tells premiers to cut back
Just eight new projects valued at $6.6 billion were added in 2022-23, a sharp decline on the 24 projects valued at $25.3 billion added the year prior.
- Ronald Mizen
September
Allan says no pause on Suburban Rail Loop despite debt pressure
Victorian Premier Jacinta Allan has confirmed Tim Pallas will remain the state’s treasurer, while refusing to heed calls for a pause of major projects.
- Gus McCubbing
Qube tears up freight hub contract with Martinus Rail
Construction has stopped on an interstate rail hub in southwest Sydney after logistics group Qube scrapped a $140 million construction deal.
- Jenny Wiggins
‘Case study in funny money’: Report on failed Eloque is close
An audit will reveal whether Victoria’s decision to invest taxpayers’ money in the tram sensor project was “transparent, evidence-based and free from bias”.
- Jenny Wiggins
Why the CEO of this $7b business wants execs to speak up in meetings
People who sit in meetings and disagree with everyone else, but leave without speaking up, are failing to act with integrity, says Aurizon CEO Andrew Harding.
- Jenny Wiggins
Bankers board Vic bus operator Ventura; binding bids loom
It is understood Singapore-listed Keppel Infrastructure Holdings has tapped Flagstaff Partners to prepare its binding bid.
- Sarah Thompson, Kanika Sood and Emma Rapaport
August
Journey Beyond’s US owner ready to hop off, seeks $600m-plus payday
It is understood UBS was designing the sale process to appeal to private equity funds, but also to core-plus infrastructure investors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Aurizon looks forward to 2024 after annual profits slide 46pc
Aurizon’s bulk haulage income from its $2.35 billion One Rail Australia acquisition has fallen short of targets, contributing to a 46 per cent drop in annual net profit.
- Jenny Wiggins
Big Super is putting together a plan to get into (big) freight
A $400 million freight hub on the outskirts of Melbourne aims to steal market share as retirement funds capitalise on government spending on rail networks.
- Jenny Wiggins
July
Can Aurizon revive a 40-year-old rail line in central Australia?
The group has a grand vision of moving freight from Darwin to Melbourne on trains instead of ships. Importers don’t know if the plan will make financial sense.
- Jenny Wiggins
- Opinion
- Chanticleer
Aurizon dusts off 20-year-old ‘tick’s testicles’ dream
Aurizon is talking about “land-bridging” goods from the Port of Darwin to the rest of Australia. Chris Corrigan blasted the idea 20 years ago; he was right.
- Anthony Macdonald
Aurizon wants to carve seven days off freight trip from Shanghai
The rail freight company warned profits would come in at the lower end of forecasts, which had already been downgraded. Its shares fell 5 per cent.
- Kylar Loussikian
Andrews urged to re-examine PwC’s Suburban Rail Loop analysis
Soaring costs, questionable benefits and a funding black hole mean it’s time for another look at the consulting firm’s analysis of the $125 billion project, say transport experts.
- Patrick Durkin
- Opinion
- Chanticleer
How Aurizon plans to cut 90pc of its carbon emissions
Aurizon boss Andrew Harding is seeking to change the way it carts coal, grain, iron ore and other bulk freight around the country.
- Anthony Macdonald
June
Pacific National shareholder GIP considers selling major stake
Pacific National was spun off the Asciano empire as part of a $9.05 billion privatisation in 2016. Sources said GIP is the company’s largest shareholder.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Train crash in India: at least 120 dead, 850 injured
The Coromandel Express, which runs from Kolkata to Chennai, collided with another passenger train, the Howrah Superfast Express, railway officials said.
- Abinaya V and Jatindra Dash
May
City dwellers get a National Urban Policy. But what is it?
Australians have been promised “thriving suburbs” under a new National Urban Policy after the budget earmarked several hundred million dollars for city dwellers.
- Jenny Wiggins
Pacific National back on track to haul GrainCorp wheat
The companies have inked a five-year contract speculated to be valued at $100 million annually during good harvests.
- Elouise Fowler
‘Unethical’ to saddle contractors with cost of canned projects
Savings from cancelled transport projects identified by an upcoming review should help contractors facing higher costs for workers and materials.
- Andrew Tillett
Road, rail projects could be axed from $120b pipeline
A snap review of the nation’s infrastructure plans will be conducted over the next 90 days, as labour shortages and the surging price of materials bite.
- Andrew Tillett
