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Bill Shorten says the funds will be provided if Labor wins the next federal election.

Shorten commits $700m to Perth rail line

Opposition leader Bill Shorten confirmed today that $700 million of federal money will be provided for a train line to Ellenbrook in Perth's north-east if Labor wins the next national election.

The money will be part of a $1.6 billion fund Mr Shorten committed to Western Australia earlier this year as a top-up for the lower share of GST it currently receives compared with other states.

The rail project is part of the McGowan government's $2.5 billion Metronet project, which significantly expands the city's rail network.

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BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
189thMineral Resources62%24%
299thSouth3225%0%
401stWoodside Petroleum9%4%
444thAtlas Iron0%-57%
561stFortescue Metals Group-15%8%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
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10/11/17
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03/10/17
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Total value as at the date of the transaction
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1st-Fortescue Metals Group$10,999.7m
2nd↑South32$9,392.9m
3rd-Woodside Petroleum$5,715.9m
4th-Mineral Resources$1,470.4m
5th↑Atlas Iron$896.6m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Fortescue Metals Group

3rdNev Power$5.324m
631stMark Barnaba$223k
747thSharon Warburton$170k
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