The ACCC Chair, Gina Cass-Gottlieb, said: "We are also satisfied that the divestment of One Rail’s east coast business would preserve it as a potential competitor to Aurizon for the supply of non-coal bulk rail haulage in the future, and Aurizon would continue to be constrained by a number of existing bulk rail haulage competitors.” The sale was completed on 29 July 2022, and Aurizon took over One Rail Australia's South Australian, Northern Territory and interstate operations the following day under the brand, "Aurizon Bulk Central". In December 2022, Aurizon agreed terms with Magnetic Rail Group,. The buyer was to pay about $A425 million ($US284.3 million) – the equity value of ECR – and assume existing debt facilities, which originally totalled $A500 million. Proceeds, $A125 million of which was to be deferred for 12 months, would be used initially to reduce Aurizon's debt and would form part of Aurizon's available capital. After the ACCC gave regulatory approval, the sale was completed on 17 February 2023. Price regulation As Aurizon's infrastructure was a monopoly, it was subject in 2018 to regulation by government organisations including the Queensland Competition Authority. Aurizon disputed the price that it should be allowed to charge its clients – for example when the Autority used a lower weighted average cost of capital that did not account for the risk that clean energy poses to fossil fuel. Scope after purchase of One Rail Australia In February 2022, Aurizon commenced a five-year contract to haul mineral sands from Broken Hill to Kwinana for Tronox, to be extended 320 km east to Ivanhoe, where a new loading facility has been constructed. In February 2023, Aurizon re-entered the interstate intermodal market on being awarded a billion 11-year contract with Team Global Express (formerly Toll Global Express) – the largest non-coal contract in the history of the company. The company stated that services would begin in April 2023 and that by April 2024, five weekly services would run east–west (Melbourne–Sydney–Adelaide–Perth); two would run north–south (Brisbane–Sydney–Melbourne). Locomotive fleet Details of Aurizon's current locomotive fleet are as follows: Former fleet Details of Aurizon's former fleet are as follows: References Interstate rail in Australia Privatisation in Australia Freight railway companies of Australia Railway companies established in 2004 Railway infrastructure companies of Australia Transport in Queensland Companies listed on the Australian Securities Exchange Australian companies established in 2004 Companies based in Brisbane