- Service Stream (SSM) has been appointed as part of Regionerate Rail, a consortium to develop and maintain the Gowrie to Kagaru section of the Inland Rail by the Australian Rail Track Corporation (ARTC)
- Under the partnership agreement, there will be a 25-year maintenance phase post construction
- Service Stream Managing Director Leigh Mackender said that the company is part of a “significant national infrastructure project, [representing] the largest freight rail project in Australia”
- SSM shares were in the grey, trading at $1.01 per share
Service Stream (SSM) announced it has been appointed as part of Regionerate Rail, a consortium to develop and maintain the Gowrie to Kagaru section of the Inland Rail by the Australian Rail Track Corporation (ARTC).
The consortium consists of Service Stream, Plenary Group, GS Engineering and Construction, Clough and Webuild and represents a significant milestone for the project in Queensland.
Under the partnership agreement, there will be a 25-year maintenance phase post construction, which will be lead by Service Stream, aligned to the consortium’s strong experience in maintaining and operating transport infrastructure.
Service Stream Managing Director Leigh Mackender said that the company is part of a “significant national infrastructure project, [representing] the largest freight rail project in Australia”.
The Gowrie to Kagaru section is approximately 128 kilometres of new and upgraded rail track through the most geographically challenging section of the 1700 km rail line between Brisbane and Melbourne.
The rail line includes a 6.2 kilometre tunnel through the Great Dividing Range which will be the largest diameter freight tunnel in the southern hemisphere.
Mr Mackender also believes that the project “will enhance Service Stream’s contracted operations and support the diversification and growth of our transport operations into rail maintenance”.
SSM shares were in the grey, trading at $1.01 per share at 1:55pm AEDT.