<p>Chinese steelmaking giants have again come to the aid of Midwest Corporation’s ailing bid to build $3bn of rail and port infrastructure in Western Australia’s Midwest region.</p> <p>Midwest’s private consortium partner, Yilgarn Infrastructure, has reportedly struck a $750m deal with two of Midwest’s iron ore buyers, steelmakers Sinosteel and Ansteel, and three other Chinese companies.</p> <p>Midwest wants to build about 350 km of rail and the deepwater port infrastructure at Oakajee, 22 km north of Geraldton.</p> <p>But rival iron ore miner Murchison Metals – backed by Toll Holdings, South Korea’s Posco and Japan’s Mitsubishi – had its prospects boosted when Midwest was told by the WA Government last month that Midwest’s 30-year-old state agreement was not longer valid.</p> <p>Babcock & Brown-owned WestNet is also proposing to develop rail infrastructure to the port.</p> <p>The winning bidder could begin construction in mid-2008, with completion in 2011. </p> <br />
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$109,890
2017 OMME MONITOR OMME 2100 EP - 21M TRAILER MOUNTED LIFT
- » Listing Type: Used
Seven Hills, NSW
