Q Rail’s Walton questions
QUEENSLAND Rail is still to answer critical questions about its relationship with a company that took over key Queensland assets and work in progress from Walton, which went into liquidation last October owing $69 million.
The Tantallon building company, which was originally known as Peleton, signed asset sale agreements in the months before the Walton collapse to take over its Queensland projects.
The transfer occurred before Walton went into administration in early October and without an independent evaluation of assets.
Queensland sub-contractors were left more than $30 million out of pocket with those on the Sunshine Coast owed $2.9 million.
Queensland Rail was asked last Friday to explain when it was first approached to novate to Tantallon (Peleton) contracts it had with Walton, the reasons provided for Queensland Rail to do that and what arrangements were made in relation to the transfer of performance and other bonds.