GVK Hancock approval set to generate 5,000+ jobs in Queensland

GVK Hancock’s $10bn Alhpa Coal Project is closer to construction with the recent Federal Government approval of its Terminal 3 development at the Port of Abbot Point, near Bowen.

The Alpha Coal Project is 79 per cent owned by Indian conglomerate GVK and 21 per cent owned by Rinehart's Hancock Prospecting.

The Project will construct two coal mines in the Galilee Basin, a 495 km standard gauge railway line as well as the port facilities at Abbot Point.

It is now the only coal developer in Australia to possess environmental approvals at a state and federal level that integrate the mine, rail and port bringing to finalisation the Tier One environmental approvals.

The project is set to create 650 jobs during port construction while the combined Alpha mine rail and port project will provide 1,800 mining jobs and employ 4,000 people during construction.

Pending the finalisation of construction contracts and secondary approvals, construction for the projects it set to start next year with first production expected in 2016.