Qube (ASX:QUB) has welcomed National Intermodal's acquisition of land for the development of a new rail freight intermodal terminal and related infrastructure in Beveridge, Australia.
The deal allows Qube to have an option to acquire up to 200 hectares of the developable area, supporting the development of Inland Rail and better linkages to national and global markets.
The company says the expansion of Australia's freight infrastruture will facilitate economic growth, reduce road congestion, and contribute to reducing emissions within Australia's transport sector.