THE QUEENSLAND Resources Council has lent its support to a ‘careful and managed’ asset sales program to maintain the momentum of the state government’s capital works program.
QRC Chief Executive Michael Roche says the Treasurer is heading down the right path in seeking to repair the budget to free up borrowing capacity for essential long-term, job creating infrastructure.
The Queensland Resources Council has identified projects including upgrading of the Mount Isa-Townsville railway line, completion of the Goonyella-Abbott Point Expansion Project and early work on the Gladstone LNG precinct as ‘instant job generators and sound investments in economic growth.’
Roche claims that the green shoots of global economic recovery are appearing and there is a strengthening view that the demand for Queensland’s minerals and energy commodities could rebound very quickly.
However, the Chief Executive says that if the state government is considering selling assets such as rail or port services, then close consultation with the resources sector - the major customers — is essential.
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