Can someone clarify the status. Although they have issued a contract

"..to provide engineering services for the construction of a new 350km (210 mi) railroad link to the Ring of Fire. ...

....." A feasibility study will then be completed prior to moving into the next phases of the project".

I take it that the feasibility study is not just a technical thing regarding selecting the best route etc but would analyse the whole economics of it as well.

Is this correct?

Don't get me wrong, this is great news but aren't there still a lot of hurdles before the backhoes start up.