CTP 3.92% 5.3¢ central petroleum limited

Railway: The lack of a railway connection between Mount Isa and...

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    Railway: The lack of a railway connection between Mount Isa and Tennant Creek (and in the near future Alice Springs and Darwin) is a major impediment to growth in Mount Isa. Construction of the fast rail project from Melbourne to Darwin would have enormous economic benefit for Mount Isa and the Tennant Creek region
    . Even if, as this region has already submitted to ATEC Directors, the first stage of the project is the section Mount Isa to Tennant Creek – to preferably coincide with the construction of the Alice to Darwin line. This would ensure a seamless transport system between Queensland and Darwin.

    This line would almost immediately transport in excess of the hundred thousand head of cattle from this region to Darwin with the following benefits: • reduced freight costs to pastoralists, • Cattle would arrive at Darwin in far better condition and less stressed because of the higher rail speeds (minimum of 140 kilometres per hour compared to an average truck speed of less than 100) • A large reduction in the number of road trains using the Barkly Highway from Mount Isa to the NT border • Safer travelling conditions for tourists on the National No.1 Highway.

    The early construction of this section of line would also open opportunities for local mining companies and industry to more easily, efficiently and at reduced freight costs, to access business, imports and exports in and through, the Territory and Darwin. The line would also enhance the movement of residents and visitors between Queensland and the Territory.

    The ATEC rail project provides for a transport corridor and piping gas supplies along from the Timor Sea and the N.T. to a grid system in Queensland and southern states makes good economic sense. While it may not bring an early reduction in gas prices, supply linking between Mount Isa and the Territory, Mount Isa and Townsville and Mount Isa and Ballera would ensure capacity and reliability of supply
 
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