Aurizon officials said the deal with GVK Hancock provides access to the Galilee Basin coal reserves, while supporting the next phase of coal growth in the Bowen Basin, The West Australian has reported.

Altogether, the development will include the management of a port and rail facility with 60 million metric tons per year, the newspaper reported. The projects involve a Greenfield rail project and a development for a coal terminal at Abbot Point. Under the deal, Aurizon will acquire a 51% stake in Hancock Coal Infrastructure, which owns GVK Hancock’s rail and port projects.