RAILWAY AND PORT (THE PILBARA INFRASTRUCTURE PTY LTD) AGREEMENT BILL 2004Railway and Port Agreement • March 5th, 2009
Contract Type FiledMarch 5th, 2009This is the first of two agreements that the Government intends to make for the Pilbara iron ore and infrastructure project. The other agreement is for iron ore mining operations in the vicinity of the Chichester Range, which the Government will negotiate with FMG Chichester Pty Ltd. The agreement, if ratified by Parliament, will not come into effect until all parties to the mining agreement have signed the mining agreement. FMG has stated that it intends to dilute its interest in TPI to no more than 40 per cent so that the mining and infrastructure components of the Pilbara iron ore and infrastructure project will be separately funded and managed. The Government anticipates that the multi-user railway and port facilities to be developed under the Railway and Port (The Pilbara Infrastructure Pty Ltd) Agreement will open the Pilbara iron ore industry to new entrants seeking to supply growing demand for iron ore, especially from China.