Front page of The West today says that Yilgarn Infrastructure (20% owned by GWR) has lodged a proposal with the state Governemnt to start the railway infrastrucure ASAP.
They propose building the railway and includeds a conveyer belt from near Ockagee to the port of Geraldton, which would allow Midwest Miners to export ore even before Ockagee is completed.
They claim they have $2 Billion dollars in equity finance from chinese banks and are ready to go with the project.
Very exciting news for all Midwest Companies.
The West also states that The Liberal Govt Claims that the deal was won by OPR and they will be providing there plan in the coming weeks.
This would be a strimulus package in itself if Yilgarn could make it happen. OPR need to come up with something here and fast or it looks like Yilgarn might get the chockies IMO. I hope so!!!
yilgarn lodge $2b bid to start midwest railway
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