QR set to open Acacia Ridge terminal to multiple users

<p>Queensland Rail yesterday (Monday, May 26) terminated Pacific National’s sole tenancy of the Acacia Ridge interstate terminal in Brisbane.</p> <p>QR plans to develop the facility as a new independent multi-user terminal business by the middle of next year, with Pacific National continuing to be the core customer.</p> <p>The state rail operator said that Pacific National had inherited the tenancy from National Rail, but now QR is keen to increase rail’s share of interstate traffic by bringing more competitors into the terminal.</p> <p>QR chief executive Rob Schueber said that the return on the Acacia Ridge assets is well below the possible market yield. </p> <p>QR’s plan is to accommodate Pacific National as the core customer, while improving utilisation, transparency in the access regime, and maximising the scale of the business, he said. </p> <p>Pacific National will be offered a contract to manage Acacia Ridge for another 12 months, but the standard gauge marshalling yard could be a multi-user facility as soon as July this year, he said. </p> <br />