Financial and other reports
QR Network Pty Ltd is a stand alone subsidiary company of QR Limited. In 2007/08, QR Network generated record earnings before interest and taxes of $438 million.
Highlights of our 2007/08 Performance
- QR Network delivered a record $900 million of new infrastructure investment, a 300% increase in two years. Sixty major investment projects remain on schedule and on budget.
- The Coal Rail Master Plan for infrastructure investment was agreed with our supply chain partners who have committed to a $3.75 billion investment program, with 34.5 kilometres of new track built in 2007/08.
Track upgrade through Fruitgrove Station, Brisbane.
- New Zonal Control procedures enabled continuous operations on high-volume coal systems while new track was commissioned and integrated with the network.
- QR Network generated record earnings before interest and taxes of $438 million.
- Installation of an innovate wire mesh rock barrier at a landslip site on the Kuranda Scenic Railway saved millions of dollars and months of downtime on this important tourist route area.
- Construction commenced on Brisbane’s Darra to Springfield Transport Corridor, an $800 million road and rail project managed under QR Network’s SEQIPRAIL program and delivered by our Horizon Alliance.
- QR Network delivered with our customers a record 89 billion gross tonne kilometres (GTKs) across the network.
For more information on QR Network's financial performance, please download the 2007/08 QR Annual Report.