QR Sale Statement

18 Dec 2009

In respect to media reports on the QR sale, David Marchant, CEO of the Australian Rail Track Corporation Ltd (ARTC) said, “ARTC respects the Queensland Government decision to create QR National Limited from QR and sell it, through a public float, as a vertically integrated entity on the coal lines and its above rail freight business generally.”

David Marchant said “It is well known that ARTC supported a separation of the above rail coal business from the below rail coal lines. Regardless of this we recognise the Government decision and wish it well in the IPO.”

“If, in the future, a decision was made by the owners of the floated entity or the Government to separate management of the coal lines from above rail then ARTC as a commercial rail access provider would obviously consider if we could add value to such a proposition.”

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