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There are no plans for new trains on a major rail line even after the number of passenger trips doubled in the past decade and jumped 39 per cent in the past 12 months.
The government’s handling of $2.4 billion train building cost blowout, not proactively revealed by senior figures, has overshadowed the work of late.
![Downer [ASX:DOW] Secures Contract for Queensland Train Manufacturing Worth $4.6 Billion - Vimarsana News](https://www.moneymorning.com.au/wp-content/uploads/2023/06/ASX-DOW-FEATURE-TICKER-1024x1024.png)
Integrated services giant Downer Edi announced today that it had secured a $4.6 billion contract with the QLD Government to build and maintain 65 new trains for Brisbane
The S&P/ASX 200 Index fell 0.3 per cent to 7539 points; Nick Scali plunged 13 per cent to $10.80 and Newcrest shares rallied 9.3 per cent to $24.53.
Treasurer Cameron Dick announced the outlay on Sunday while marking a major milestone for the Cross River Rail project.