Qld Rail...?$150M Deals like this mentioned in the AFR yesterday...

Qld Rail...?

$150M Deals like this mentioned in the AFR yesterday aren't going to help?

QR lines up $150m a year Gindalbie deal.

by Mchaeal Smith - AFR.

Queensland Rail has won a longterm
rail haulage contract with
Gindalbie Metals for its Karara
iron ore project in Western
Australia.
The agreement, expected to be
announced today, is believed to
be worth about $150 million a
year. State-owned QR is
expected to be appointed the
exclusive provider of rail
operations for the initial
tonnages of ore produced.
The soon-to-be-privatised
company competes with listed
operator Asciano, which has
been making headway into QR's
home market of Queensland
On Friday, Gindalbie said
China Development Bank and
Bank of China had agreed to
provide most of a $1.2 billion
loan for the Karara mine.
Analysts said the final sign-off
on the debt facility was expected
within two months.