Aug 18, 2017 Last Updated 2:35 PM, Aug 17, 2017

New Entry From the Editor :

Telstra cuts dividend outlook after disappointing FY performance

Telstra cuts dividend outlook …

AusBN - Telstra (ASX:TLS) has revealed its full-year (FY) profit dropped 33...

Contrasting fortunes for Origin and Woodside in FY results

Contrasting fortunes for Origi…

AusBN - Origin Energy has posted a full-year (FY) loss of AUS$2.2 billion a...

Report finds majority of top Australian firms ill-equipped for business in Asia

Report finds majority of top A…

AusBN - A report by think tank Asialink has found that a large majority of ...

Government to put $1 billion towards Inland Rail project

General Roca Railway construction 5AusBNAusBN - The federal government is likely to make a commitment of AUS$1 billion towards the Inland Rail project, a direct rail line between Melbourne and Brisbane.

Key figures in the agricultural and freight industries have lobbied for the construction of the Inland Rail project for decades, as a direct line would move goods from Brisbane to Melbourne in less than 24 hours.

The project will also link south-east Queensland with Perth and Adelaide, at a total cost of $10 billion.

Infrastructure Minister Darren Chester said: “The Inland Rail project is a critically important piece of infrastructure that the Turnbull-Joyce government is committed to building.

“The Prime Minister has already indicated that he wants construction to start in 2017 and that will occur.”

The government’s financial backing of the transport project is expected to be confirmed in next month’s budget announcement.

@AusBNOnline

This Month's Issue

AusBN Vol3 Iss1

Subscribe

rgn web banner

abn web banner