Public Transport Victoria forum hears call for more Maryborough train services
State Government Commits to Developing Rail Infrastructure for Victoria
Horsham residents to be quizzed about future use of dormant rail corridor land
No choppers here: Malcolm Turnbull takes the train to Geelong
Opposition Leader Matthew Guy backs Melbourne Airport rail link
Jail time for train threats to Vline Staff
Premier Daniel Andrews hears efforts to address Central Goldfields disadvantage, push for more Maryborough trains
The Inland Rail Link Melbourne to Brisbane a Similar Case as the RAA's Bendigo - Geelong Rail Link
North-West Rail Alliance urges more council support amid push for return of Mildura passenger rail
Grampians Rail Trail: Shire calls for community to step up and manage facility
Victoria’s most-expensive road project, the North East Link, risks becoming a “financial disaster” due to over-estimated travel time savings and traffic numbers, a leading urban economist has warned.
SGS Economics and Planning economist Terry Rawnsley, who was a consultant for successive governments on the Metro Tunnel and East West Link, has warned that the $15.8 billion North East Link is at risk of failing to deliver substantial travel time savings, which would severely limit its benefit to the community.
An artist's impression of Victoria's biggest-ever road project, the North East Link.CREDIT:NORTH EAST LINK AUTHORITY
It was also "very possible" that the road would contribute no net community benefit to the areas it runs through, he warned.
Mr Rawnsley said the North East Link risked following the lead of failed interstate projects, listing four toll roads built in Sydney and Brisbane that were found to be value for money during the planning process, but faced "rapid financial collapse" once they opened, attracting less than half the traffic numbers that had been forecast.
The Clem7 Tunnel in Brisbane had predicted opening traffic of 126,000 vehicles per day, but actual traffic was 53,000. The Cross City Tunnel in Sydney was expected to attract 90,000 vehicles per day when it opened, but just 34,000 ended up using it daily.
The trend continued on other toll roads, including Lane Cove in Sydney and Brisbane Airport Link.
“These previous toll road projects have overestimated the travel time savings and drivers’ propensity to use the toll road, to the point where the toll roads have been financial disasters," Mr Rawnsley said in a submission to an independent panel examining the road's environmental effects.
This article first appeared on www.theage.com.au
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.