Details of QR restructure emerge

RECENT discussion with government has revealed further detail surrounding the ongoing restructuring of Queensland Rail (QR).

RECENT discussion with government has revealed further detail surrounding the ongoing restructuring of Queensland Rail (QR).

The restructure is in response to the Stephen O’Donnell review of capacity on the Goonyella system.

While the new structure was announced by QR Chair John Prescott during December, detailed features of the restructure are only now emerging, according to the Queensland Resources Council (QRC).

For example, QR will be segmented into four separate companies (established under corporations law), each with their own set of profit and loss accounts.

The four separate companies will be: QR Freight (including coal, bulk, intermodal and regional freight), QR Network, QR Services and QR Passenger.

The group general managers of these four companies will still report through to the same QR Limited CEO and the same QR Board.

“Discussions with government and QR’s executive management make it clear that they regard this restructure as a sufficient improvement in the transparency with which QR operates,” the QRC said.

Russell Silver-Thomas

QRC

russells@qrc.org.au

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