Aurizon (ASX:AZJ) announced that, with support from major customers, it is lodging a proposed revised access undertaking for the Central Queensland Coal Network with the Queensland Competition Authority.
The draft undertaking, following months of negotiations, is set to apply from July 1, 2027 to June 30, 2027, providing long-term certainty for both Aurizon Network and its users.
Known as the 2025 UT5 draft amending access undertaking, the proposal extends and updates the current access framework, balancing revenue increases for Aurizon Network with performance-based incentives, including a volume-linked throughput payment.
Under the new agreement, customers will benefit from a ten-year term, five-year rolling access agreements, streamlined fee-free transfer provisions, enhanced rail capacity planning, and continued oversight of network procurement and maintenance strategies.