A private group is looking to build five new cities and a high-speed rail network â€” which it hopes will transform Australia. Private group CLARA wants to build three "cities" between Canberra and Sydney along the rail link with a combined cost of A$75bn. The journey between the two capitals could take just 48 minutes and the trains would be travelling at speeds of up to 430km/h. A further two cities are planned along a Melbourne and Greater Shepparton route costing around A$51bn â€” with a 35-minute rail link. CLARA CEO Nick Cleary claims it won't technically cost taxpayers a cent, as it would be paid for with "private based value capture model" which would pull money from Asia. He said the only obstacle for the project is getting the political support. The group is looking to start construction in 2021 on the Sydney-Canberra route and believes its cities could be operational by 2026.
This turned up on a newsfeed site, first I have heard of it.