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Wednesday, 8 May 1957

Mr RIORDAN (KENNEDY, QUEENSLAND) - I desire to ask the Treasurer a question concerning the reconstruction of the railway between Townsville and Mount Isa. Have the Commonwealth Co-ordinator-General of Works and the Queensland Co-ordinator of Works, who were sent to the United States of America to consult the International Bank for Reconstruction and Development about the financing of this work, returned, and have they, or has either of them, submitted a report on the likelihood of obtaining financial assistance? Has the Government been advised by the International Bank whether it will finance the project? Has the Government received any advice about the financing of the work from New York, or has it been advised of an investigation, or a proposed investigation, by a committee representing overseas private financial groups? If this is so, has the International Bank refused to finance the project? If it has refused to do so, who will finance it? Is the Commonwealth prepared to co-operate with the Queensland Government in the reconstruction of the railway, and what is the likelihood of the work being commenced in the very near future?

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