Pacific National Commits Initial $35 Million to Parkes Logistics Terminal
The Parkes Shire today announced that Pacific National has committed to the development of the Parkes National Logistics Hub. The initial $35 million will be used for initial development and future investment will exceed $60 million.
The Company said, "the intersection of the main western railway line running from Sydney to Perth, the future Inland Rail corridor from Melbourne to Brisbane, and the Newell Highway, Parkes is the perfect place to establish a major intermodal freight terminal."
Lucid Economics (and its personnel) have worked with the Parkes Shire over numerous years on this project and are pleased to see it becoming a reality.
To read the official announcement click here.