KZL 0.00% 12.0¢ kagara ltd

I remember that Kagara had problems back in 2009 with sections...

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    I remember that Kagara had problems back in 2009 with sections of the Gregory and Kennedy Development roads. The result of which was that Kagara was unable to get ore to plants for almost two months and had to force staff onto two weeks paid or unpaid leave.

    I know the relationship with the department of main roads has been tenuous at best but I did some digging and depending how you look at it, it looks promising.

    1. Roads Australia Pipeline - cite Project No: 264/99A/67Ha project to upgrade/maintain the Kennedy Development Road (Mt Garnet - The Lynd) - cost 18.5 million.

    and then...

    2. Project No:226/92C/67H - Gulf Developmental Rd (Georgetown - Mt Garnet) - more relevant to improve roads to Einsasleigh - also 18.5 mill

    There is also serious consideration by QLD transport/Dept of main roads etc to improve upon the link to Chillagoe. Not the best image and also from 2009.

    But it forms part of the later plan to...

    "complete Connecting Far North Queensland 2031: An
    Integrated Regional Transport Plan to provide a 20 year
    framework for transport planning and investment to address
    future transport needs to support the statutory Far North
    Queensland Regional Plan 2009 – 2031"

    Better road infrastructure and planned upgrades will help Kagara whether they complete the Mungana or not. Questions is...what will it cost to complete Mungana and does Kagara have enough funds at present?

 
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