Barnett dismisses Oakajee plan

Colin Barnett dismisses Padbury Mining’s plan to revive the Oakajee project.

West Australian Premier Colin Barnett has dismissed Padbury Mining’s ambitious $6.5 billion plan to revive the Oakajee port and rail network as lacking “substance”, revealing that Chinese conglomerate Citic Group could instead spearhead the long-stalled project.

Mr Barnett said yesterday he had met Citic Group chairman Chang Zhenming in Beijing last weekend and was told the state-owned giant had been endorsed by the Chinese government to drive China’s involvement in the Oakajee project.

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