GVK Hancock advances development of Galilee Basin rail line.

GVK Hancock has commenced a 'Material Change of Use' application for the approximate 310 kilometers of its rail corridor in the initial phase, following years of extensive planning and hydrological assessments in development of infrastructure to connect its Galilee Basin coal deposits with export markets.

The development of the Galilee Basin will give Queensland, one of the most significant pieces of regional and economic development and this application will allow meeting all regulatory requirements to support such a significant development.

The 'Material Change of Use' (MCU) application is the next step to finalise planning for this significant rail infrastructure development and it follows on from the grant by State environmental approval which it received in May 2012, Federal environmental approval in August 2012 and of Galilee Basin State Development Area in June 2014.

As part of the MCU application, GVK Hancock will continue to work with the landholders to ensure detailed planning, which has been presented to each specific property in the past and it will give access to homesteads, stock feeding areas and water supply.

GVK Hancock seeks consent from the landholders along with its first stage of rail corridor and contact has been established with the landholders on the issue.


HBL