Bligh talks with QCIRG

QUEENSLAND Premier Anna Bligh has revealed the state government is in “complex commercial discussions” with coal companies over Queensland Rail National’s rail infrastructure.
Bligh talks with QCIRG Bligh talks with QCIRG Bligh talks with QCIRG Bligh talks with QCIRG Bligh talks with QCIRG

Queensland Premier Anna Bligh

Blair Price

But she also told reporters yesterday that she did not intend to comment on the negotiations on a daily basis.

The Queensland Coal Industry Rail Group recently raised its bid to more than $A5 billion.

“QCIRG confirms that discussions are continuing with the Queensland government on QCIRG’s proposal for the purchase of the Central Queensland coal network of QR National,” a spokesman for the industry consortium said.

The Bligh government previously expected QRN’s coal chain assets to reach a potential market cap of up to $7 billion after the initial public offering, scheduled for the last three months of 2010.

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