Thursday, August 13, 2009

P and O Trans Australia Win A$3 Billion Freight Contract

Haulage and handling agreement signed with Legend
Shipping News Feature

AUSTRALIA - Legend International Holdings and P&O Trans Australia have signed a Memorandum of Understanding for haulage and handling services associated with Legend’s Georgina Basin Phosphate project.

The contract means that P&O will be responsible for road cartage of the mines product the 160 kilometres from the deposit to the rail head, then for the rail haulage for the subsequent 1,000 kilometres to the Port of Townsville.

Paul Digney, Managing Director of P&O Trans Australia, said: “We are fortunate to have developed a solid team with both youth and experience combined. Our people went to great lengths, including international travel, to source suitable locomotives and rolling stock to service this new and important project for Queensland.”

The contract should earn P&O approximately A$40 million during the first year of operations and up to A$3bn over the life of a twenty year agreement.

http://www.lgdi.net/resources/i/docs/Press%20Releases/PR_090811.pdf