9 MAY
2008
JOINT MEDIA STATEMENT
ASX ANNOUNCEMENTS PLATFORM
MIDWEST CORPORATION NOMINATES YILGARN TO OAKAJEE PORT
TENDER
Yilgarn Infrastructure Limited will submit a tender
for the Oakajee Port to the State Government on May 9 as the nominated
infrastructure provider of Midwest Corporation (ASX:MIS).
In announcing the nomination agreement today, Midwest
and Yilgarn have cleared the way for Yilgarn to respond to the State
Government’s Request for Proposal (RFP).
Yilgarn Executive Chairman Dr John Saunders said the
Yilgarn team was looking forward to making its bid submission as
Midwest’s infrastructure provider.
“After two and a half years developing the
Oakajee Port and Mid West Rail Project, Yilgarn’s planning and
engineering work is very advanced and we can now move to finalise financial
arrangements for debt and equity,” Dr Saunders said.
“From the outset, Yilgarn has been committed to
developing open-access, multi-user Port and rail infrastructure to service all
the mines in the mid west, providing a genuinely regional solution to encourage
not only the growth of the iron ore industry, but the region as a whole.”
Midwest Chairman Jesse Taylor said Midwest Corporation
considers Yilgarn’s technical expertise and financial backing as the best
infrastructure solution for the mid west region.
“We look forward to Yilgarn submitting a
commercially and technically superior tender to the Western Australian
Government on May 9.”
As part of the nomination, Midwest and Yilgarn have
agreed to release each other from all legal claims that have arisen up to the
date of today's nomination.
Media contact: Yilgarn Infrastructure, Tamatha Smith
PPR 0433 569 701
Midwest Corporation: Warrick Hazeldine Purple
Communications 0417 944 616
Martin Debelle Cannings 0409 911 189
A photo of
the signing ceremony with (L-R) Francis Ng, Executive Director Midwest Corporation Limited and Dr
John Saunders, Executive Chairman Yilgarn Infrastructure can be downloaded at the following
link : http://www.purplecom.com.au/_content/documents/810.jpg
Issued by
Purple Communications
Level 3, 28 Kings Park Road, WEST PERTH WA 6005
Ph: 08 9485 1254 Fax: 08 6263
0455
purple@purplecom.com.au
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