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THE Australian Government has committed billions of dollars to rail as part of an $A 17.9bn ($US 13.6bn) infrastructure package included in its annual budget announced ahead of the federal election in May.
The biggest rail project to benefit is the Melbourne intermodal terminal, with the government committing $A 61.8m for planning and development and up to $A 2bn for the delivery of the project, which is designed to service the southern end of the Inland Rail project. This is in addition to the $A 2bn in funding for the project announced in last year’s budget.
Other major rail projects to receive funding include:
Australasian Railway Association (ARA) CEO, Ms Caroline Wilkie, says this investment will support the nation’s economic recovery and deliver long-term social and environmental benefits. Wilkie says the investment in faster rail networks will improve the speed, frequency and reliability of services, as recommended in the ARA’s Faster Rail Report.
“Highways in and out of our cities are only getting busier, which means we must invest in faster rail to support the east coast’s sustainable development,” she says.
Other smaller commitments include:
This article first appeared on www.railjournal.com
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