Thursday, 15 March 2012

Moorebank. Qube buys stake in terminal

Qube Logistics will control a joint venture proposing to develop a $1 billion freight terminal, at Moorebank, after striking a deal with Stockland to acquire its 55 per cent stake in the Sydney Intermodal Terminal Alliance, with QR National. Qube paid $123 million for the stake. Qube CEO, Maurice James, said in The Australian Financial Review he expected to be railing goods to Port Botany by early 2014.



Anonymous rabbit bite said...

A point on the compass for a West located Terminal must be developed to ensure growth in jobs continues in the West equally with the South West not stagnates.

10:18 pm  

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