Delivery of a business case for the TEARC which proposes an alternative rail route to the Port of Townsville.
Undertake work to identify innovative financing and value capture opportunities, and the wider economic benefits, related to the TEARC, acceleration of the SDA, and expansion of the Port. The delivery of the TEARC project will enhance regional development and economic growth through industrial investment attraction, allow for the development of additional jobs growth and skills, support trade and investment through the Port of Townsville and broaden industry development through enhanced supply chain opportunities.
The TEARC business case was led by the Queensland Government in collaboration with the Australian Government.
The Australian Government is leading on the broader innovative financing work, working closely with the Queensland Government and Townsville City Council.
Progress to Date
The Building Queensland Business Case for the project, completed in 2017, recommended that the TEARC should be preserved so that the project can be delivered in the future when sufficient demand is generated through the Port of Townsville.
A $10 million project, jointly funded by the Australian and Queensland Governments, will deliver the preservation of the TEARC. This will include gazetting the corridor, meeting environmental obligations and the possible acquisition of land. The Queensland Government has awarded a contract to review the land requirements subsequent to the Business Case, and is developing a project brief for procurement of an environmental review.
Q2 2019: Review land requirements and procure consultant to review environmental factors/implications.
Future: Progress with preservation of the TEARC, dependant on land requirements.