Service Stream Limited announced that the Australian Rail Track Corporation (ARTC) has appointed Regionerate Rail, a consortium comprising Service Stream, Plenary Group, GS Engineering and Construction, Clough and Webuild (formerly Salini Impregilo), to develop and maintain the Gowrie to Kagaru section of the Inland Rail. The appointment of the consortium represents a significant milestone for the project in Queensland. The Gowrie to Kagaru section is approximately 128 kms of new and upgraded rail track through the most geographically challenging section of the 1,700km rail line between Brisbane and Melbourne.

It includes a 6.2km tunnel through the Great Dividing Range which will be the largest diameter freight tunnel in the southern hemisphere. As a Public Private Partnership, the contract will include a 25-year maintenance phase post construction, which will be lead by Service Stream, aligned to the Group's strong experience in maintaining and operating transport infrastructure. Inland Rail is a once-in-a generation nation building project that will transform how goods are moved around Australia that will enhance supply chains and complete the backbone of Australia's national freight network.

As part of the Regionerate Rail consortium, Service Stream are committed to work in partnership with ARTC to successfully deliver the Gowrie to Kagaru section of Inland Rail and provide a faster, more reliable and cost-effective rail link that better connects business and communities to domestic and export markets. Revenue to Service Stream will be confirmed at contract execution, with the majority of revenue to be received post construction phase.