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The Queensland and federal governments have reached an understanding regarding the $9.3 billion Inland Rail project, signing a bilateral agreement in Tooowoomba on Friday.
Labelled by government as “the most significant freight infrastructure project in the nation’s history”, the 1700km freight route will link Melbourne and Brisbane via regional Victoria, New South Wales and Queensland.
“We are transforming the way freight is moved in Australia. For every dollar we are investing in Inland Rail, $2.62 will be returned to the national economy,” minister for infrastructure, transport and regional development Michael McCormack said on Friday.
“We’re already seeing the benefits in New South Wales with the first section of the new track between Parkes and Narromine now complete. For this 5.3 kilometre section, more than $46 million in contracts were committed to 84 local businesses employing almost 400 local people.”
With two thirds of the total investment towards Inland Rail to be delivered in Queensland, it is expected to create 7,000 jobs and a boost of over $7 billion for the state economy according to the government.
Finance minister Mathias Cormann said the signing of this Bilateral Agreement was a crucial step towards a more efficient freight network for the future.
“Long-haul rail is cheaper, safer and more reliable than moving freight by road over those distances. That is why the Australian Government has committed up to $9.3 billion to complete the national rail network through Inland Rail,” Minister Cormann said.
“The shift from road to rail is crucial to ensuring our freight network meets the needs of our growing population.
“It is great to have the Queensland Government on board now supporting our Inland Rail project. This project will improve the national freight rail network by connecting communities, creating jobs, reducing supply chain costs and making Australian business more competitive.”
In late 2016, farmers along some of the proposed route expressed concern that the Inglewood-Millmerran-Toowoomba route, which was selected by Australian Rail Track Corporation, was based on information gathered prior to 2010. This decision did not take into consideration that the route was along the 16km wide Condamine Floodplain.
This article first appeared on www.railexpress.com.au
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