AusRAIL, Market Sectors

GrainCorp sets sights on new Queensland rail hub

<span class="" id="parent-fieldname-description"> ASX-listed agribusiness GrainCorp has commenced the purchase of a 50 hectare greenfield site east of Emerald, with plans to build a centralised grain rail logistics terminal. </span> <p>A representative of GrainCorp said yesterday that the company is “looking at the property for a built-for-purpose grain receival site,” confirming statements made earlier by real estate business Colliers International.</p><p>Colliers’ director of rural and agribusiness Rawdon Briggs, who negotiated the deal along with associate director of industrial David Seale, said the purchase forms a part of GrainCorp strategy to develop and modernise grain receival and logistics terminals on Australia’s east coast.</p><p>“GrainCorp will build a rail terminal for collection and on forwarding of all grains grown in Central Queensland to the ports on the east coast,” Briggs explained.</p><p>“The project will play a significant role in supporting the growth of freight supply chains across the Emerald region and Central Queensland and the removal of further truck movements from major highways.”</p><p>The Queensland government has identified Yamala, Emerald as a strategically important centre for an ongoing economic development of the Bowen Basin and has targeted the area as an intermodal transport hub for mining services and agriculture purposes including the new Galilee Basin, Briggs noted.</p><p>“The increased traffic from general transport, mining support industries, diverse agricultural and pastoral products is putting pressure on the existing transport links, hence the government’s efforts to prioritise this as a development area,” he continued.</p><p>“The new grain rail terminal will also reduce driver fatigue by halving the trucking hours on road taken to deliver mining services and agricultural product to central Queensland.”</p><p>Colliers International is marketing a 240 hectare plot of land as the CQ Industrial Inland Hub, 50 hectares of which is lined up to be purchased by GrainCorp, once the deal is finalised.</p><p>Briggs’ colleague David Seale said: “With 50 hectares of the estate to be utilised by GrainCorp, there is a further 190 hectares of industrial land or 45 lots available for sale and development. The land can be subdivided to suit specific requirements, particularly for the industrial users with intermodal logistics container requirements for logistical outcomes of fuels, soft commodities &amp industry service support.”</p>