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^S?QueenslandRail Level 14 Rail Centre 1 305 Edward Street Brisbane OLD 4001
T 07 3072 1173 neil.buckley@qr,com.au queenslandrail.com.au
COWIMERCIAL-IN-CONFIDENCE
12 June 2018
Mr Charles Millstead Chief Executive Officer Queensland Competition Authority Level 27 145 Ann Street BRISBANE QLD 4000
Dear Mr Millstead
Review Event — West Moreton Network Reference Tariff — Revised estimate
I refer to Queensland Rail's submission dated 6 April 2018, regarding the West Moreton Network Reference Tariff arising from a Review Event from the execution of the 2018 New Acland Access Agreement for access rights for coal haulage for the period 1 February 2018 to 30 June 2019.
The QCA has identified that the operating expenditure calculation in the Queensland Rail model uses the first year maintenance volume allocators as a basis for subsequent year allocations rather than the volume in each respective year. Year specific allocators are used in the maintenance estimates and for all other allocators in the operating expenditure.
Queensland Rail has amended its model so that the operating expenditure estimates take into account year specific volumes. The revised model reduces the Annual Revenue Allowance in 2018-19 by $432. While there is no change in the proposed gtk rate due to the change, the train path charge reduces by 4 cents in 2018-19 from $2,965.55/train path to $2,965.51/train path.
The amended summary of the review event reference tariff and revised model is attached.
If you have any questions in relation to this matter, please contact Ms Tania Homan on (07) 3027 1173.
Yours sincerely
Neil Buckley GM, Access Revenue Queensland Rail
Queensland Rail (ABN 68 598 268 528) and Queensland Rail Limited (ABN 71 132 181 090)
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