Sep 24, 2017 Last Updated 2:27 PM, Sep 22, 2017

New Entry From the Editor :

Rio Tinto commits further $3.15 billion to shareholders in buyback programme

Rio Tinto commits further $3.1…

AusBN - Rio Tinto has announced it will distribute a further AUS$3.15 billi...

BHP surges back to profit thanks to increased prices and improved productivity

BHP surges back to profit than…

AusBN- BHP demonstrated a strong financial performance for the last fiscal ...

Toys R Us to trade as usual in Australia despite filing for bankruptcy

Toys R Us to trade as usual in…

AusBN - Toys R Us has confirmed it will continue to operate as normal in Au...

Government to put $1 billion towards Inland Rail project

General Roca Railway construction 5AusBNAusBN - The federal government is likely to make a commitment of AUS$1 billion towards the Inland Rail project, a direct rail line between Melbourne and Brisbane.

Key figures in the agricultural and freight industries have lobbied for the construction of the Inland Rail project for decades, as a direct line would move goods from Brisbane to Melbourne in less than 24 hours.

The project will also link south-east Queensland with Perth and Adelaide, at a total cost of $10 billion.

Infrastructure Minister Darren Chester said: “The Inland Rail project is a critically important piece of infrastructure that the Turnbull-Joyce government is committed to building.

“The Prime Minister has already indicated that he wants construction to start in 2017 and that will occur.”

The government’s financial backing of the transport project is expected to be confirmed in next month’s budget announcement.

@AusBNOnline

This Month's Issue

AusBN Vol3 Iss1

Subscribe

rgn web banner

abn web banner