AusRAIL, Market Sectors

ARG putting $40m into track and rollingstock

<p>The Australian Railroad Group (ARG) will invest more than $40m in track and rollingstock to help sustain its record profits of 2004.</p> <p>ARG’s US-based co-owner Genesee &#38 Wyoming (GWI) said its Australian operation would invest heavily in locomotive overhauls and acquisitions during 2005 to support customer growth plans.</p> <p>This includes iron ore expansion in Western Australia, expanded tasks for steel freight in South Australia and alumina plant expansions in WA, GWI reported.</p> <p>ARG has already invested $33m on the concrete resleepering of the southwest mainline between Kwinana and Pinjarra in WA to handle traffic growth for bauxite and alumina.</p> <p>This year it will proceed with the second stage of resleepering &#8211 between Brunswick and Pinjarra &#8211 and it will also upgrade 31 locomotives.</p> <p>"When this work is completed in 2005, ARG will be in excellent condition to handle traffic growth in the strong WA economy," GWI said.</p> <br />