Significant changes have been made to the WA Rail Access Regime as part of the new Railways (Access) Code 2023 that has been introduced.
It provides a pathway for parties to access pre-determined privately-owned railways if negotiations are unsuccessful.
These changes help improve the regime’s effectiveness, so businesses can transport their products around the state in a timely and cost-effective manner, and railway owners can invest in their railway networks with confidence.
The new Code follows extensive consultation with access seekers, railway owners and government agencies over a number of years, to develop reforms that will enable easier and fairer access to railways.
Key features of the reforms include:
- ensuring access prices are fair for access seekers and railway owners, by changing the asset valuation method
- ensuring access continues while new agreements are being negotiated, through interim access agreements
- increasing transparency by requiring more information to be published
- making the regulatory process more efficient by adding timeframes and standardising some requirements.
For more details go to Railways (Access) Code 2023.
Treasurer Rita Saffioti said these important changes to the regime made it quicker and easier to access railways and supporting producers that need to get their goods to markets.
“The reforms include a new valuation methodology that better reflects the condition of railways, along with improved transparency and information requirements to assist negotiations,” she said.
“These reforms will encourage greater use of the rail network and support the efficient movement of freight across the state to support exports, new investment and jobs.”