Subscribe to RSS feedGrainCorp gets rolling stock boost
GrainCorp has welcomed New South Wales Government agreement for ownership and management of the state's branch line, or "broad acre", trains to pass to it, the agribusiness said on Friday.
Graincorp to consolidate remote grain volumes
Under the agreement, which is effective immediately, 18 48-Class locomotives and 180 wagons were transferred to GrainCorp at no cost.
These trains will be used to consolidate grain from silos on the branch lines into Werris Creek, Parkes, Temora and Junee sub-terminals with subsequent transfer to main line trains to the Newcastle and Port Kembla grain terminals.
The branch line trains would also service grain storage sites managed by other grain handlers.
"The deal provides long term security for the branch line train operations and to growers delivering grain to silos on these lines," GrainCorp managing director Mark Irwin said,
"Under GrainCorp management we are confident that the efficiency of the branch lines trains can be improved, underpinning the long term viability of the lines.
"GrainCorp will, over time, upgrade the 48-Class locomotives and maintain the wagons, to ensure their continued operation.
"Day-to-day operation of the trains will be contracted to Pacific National, the operator of these trains since July 1 last year under an agreement with the NSW Government."
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