Corrigan venture signs $3 billion Qld haulage deal

P&O Trans Australia has secured a $3 billion haulage contract in the phosphate mines of North Queensland

Port logistics operator P&O Trans Australia has secured a $3 billion haulage contract in the phosphate mines of North Queensland.

The company, a joint venture between stevedore operator DP World and the Chris Corrigan-led investment group Kaplan, says it has signed a memorandum of understanding with phosphate mining company Legend International Holdings for haulage and handling service associated with Legend’s Georgina Basin phosphate project.

The contract is expected to guide negotiations worth $40 million during the first year of operations, increasing to nearly $3 billion over 20 years.

The haulage and handling service will include road cartage, rail haulage as well as various handling and storage tasks from the Georgina Basin project to the Port of Townsville, covering roughly 1,160km in total.

POTA Managing Director Paul Digney says his company will provide a "fully integrated" package to Legend.

"Our people went to great lengths, including international travel, to source suitable locomotives and rolling stock to service this new and important project for Queensland," Digney says.

According to Legend CEO and President Joseph Gutnick, his company has also been in lengthy negotiations with Queensland Rail (QR) to ensure capacity is made for the new POTA service on the Mount Isa to Townsville network.

"We have been assured that there is in excess of one million tonnes per annum capacity available right now on the line and also that QR welcomes the introduction of a second rail operator," Gutnick says.

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