QRC welcomes certainty on coal export infrastructure
QRC chief executive Ian Macfarlane said Treasurer Cameron Dick had declared the Central Queensland Coal Network (CQCN) and the Dalrymple Bay Coal Terminal (DBCT) as regulated monopolies until 2040 and 2030 respectively.
“The decision means these critical pieces of economic infrastructure will be under the independent regulatory oversight by the Queensland Competition Authority, which will set conditions on the access and pricing of these regulated monopoly businesses,” Mr Macfarlane said.
“This is not a small technical point. It gives our coal industry, which delivers $1 billion to the Queensland economy every week and employs 11 per cent of Queenslanders in the workforce, greater regulatory certainty. With that greater regulatory certainty, industry can invest and employ more with confidence.”
The CQCN is a 2670km multi-user track network connecting more than 50 mines to five major export ports as well as to domestic consumers.
The DBCT is one of two coal export terminals at the Port of Hay Point, located 30km from Mackay.
Mr Macfarlane said QRC had raised this issue with the Queensland Government in 2017, and welcomed Mr Dick’s decision.
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