David French | 16/11/2012 9:09:27 AM

This article was originally published as 'Fast Train' in http://www.themorningbulletin.com.au/ on 8 September 2012.

Who would have through that a financial services business like Capricorn Investment Partners Limited, would be involved in the mining boom? Well OK, you might guess we would provide financial advice to people working in the mining industry, or that we might manage portfolios that contain resources stocks. You’d be right both times – but not as right as you might expect. In fact CIPL’s biggest involvement has been in working for resource based projects and companies. A background in finance, economics and business has enabled development of a business plan for commercialising waste forest products, provided economics input for a proposed new port, advised a consulting business on a way by which employees can become part-owners and helped a business manage extreme cash flow difficulties as it dealt with the pressures of keeping up with the mining boom.

It is a privilege to work on such projects. They have all enabled our business to use its skills to assist others in our local area, and coincidentally, gain a much better understanding of the area in which we live. I could write about that all day, but I will say this – there is a dearth of reliable information about our region, and that lack of insight is holding us back.

Hat’s off then to Capricorn Enterprise and Queensland Rail, who recently jointly funded a Pre-feasibility study into a fast rail commuter service between Rockhampton, Gladstone and Bundaberg. The study was challenging and data scarce, but is hugely instructive. Many claim that the rail track between Rockhampton and Gladstone is at capacity. It is not - QR National’s own data shows that, and with most infrastructure already in place, the service could probably be run with a modest subsidy. Over the past 5 years, there have been 18 deaths on the road between Rockhampton and Bundaberg, and more than 650 accidents (2 and a half per week). Based on Government estimates, reducing the probability of an accident on that stretch of road by even 10 per cent would be expected to save $22.5 million per annum.

Some are saying we don’t need a train, rather, build a four lane highway. They haven’t though too deeply. A four lane highway probably won’t be built in my lifetime. Given the political will, a suitable train could be up and running within months, right at the time Gladstone desperately needs options for services and accommodation.

The Investment Collective (AFSL 471728) is a non-aligned financial planning and investment firm specialising in providing tailored financial and investment advice for individuals and small business. Capricorn Investment Partners Limited's services include financial planning, share trading, portfolio management, insurance broking and self managed super fund administration. Additional information on services provided by The Investment Collective Limited can be found by following this link. Readers are reminded that this document has been prepared for general information purposes only, and any advice contained herein has been prepared without taking into account your financial objectives, situation or needs. Readers are advised to see their financial advisor prior to acting on any general advice.

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