ACCC draft decision to reject ARTC's Hunter plan
|
The Australian Competition and Consumer Commission has signalled its rejection of proposed rail access arrangements which would affect coal shipments through the port of Newcastle. |
By Sam Collyer
The ACCC said it was working with the Australian Rail Track Corporation (ARTC) to amend the network plan, which is intended to give mining companies, logistics providers and infrastructure owners certainty that their investments will be financially viable.
However, the competition watchdog said the proposal, in its current form, would be "inappropriate" under the Trade Practices Act.
The ACCC's draft decision, released in a report last week, is that the proposal be rejected.
In submissions to the ACCC, smaller coal producers had pushed for more flexibility in the long-term contracts they were being asked to sign with the ARTC, the below-rail operator.
The ACCC has called for public comment, for which submissions must be received by March 31.
Source: Lloyd’s List Daily Commercial News – www.lloydslistdcn.com.au
| Tweet |
Weekly Top Stories
- Palmer sues QR National for $8bn
- Heavy vehicle charging ‘101’
- US freight railroad’s spend big for 2012
- Ports growth threatened by urban sprawl
- Rego cuts to put more trucks on roads: ARA
- News in Brief – 11-18 January 2012
- World trends in technological innovation: Part 2
- NSW Govt bails out Reliance Rail
- Australian thoroughbreds take to the rails
