The Queensland Resources Council (QRC) has welcomed a decision by state Treasurer and Minister for Infrastructure and Planning, Cameron Dick, declaring the Central Queensland Coal Network (CQCN) and the Dalrymple Bay Coal Terminal (DBCT) as regulated monopolies until 2040 and 2030 respectively.
QRC CEO Ian Macfarlane said the decision provided regulatory certainty for rail and port infrastructure critical for the coal industry’s A$52-billion economic contribution and more than 260 000 Queensland jobs.