Arab Today, arab today australian highspeed rail would cost 120bn
Last Updated : GMT 21:03:02
Arab Today, arab today
Arab Today, arab today

Australian high-speed rail would cost $120bn

Arab Today, arab today

Arab Today, arab today Australian high-speed rail would cost $120bn

Sydney - AFP

High-speed rail linking Melbourne to Brisbane via Canberra and Sydney would cost Aus$114 billion (US$120 billion) and take more than 40 years to complete, a government study showed Thursday. Australia has debated the merits of high-speed rail connecting the main centres along its east coast since the 1980s but has never committed to such a major project. Transport Minister Anthony Albanese, who commissioned the feasibility study in 2010, said it would transform the way people along the eastern corridor -- home to about two thirds of Australia's population -- live and work. But he conceded there were technical, logistical and financial challenges as he released details of the study. Asked if the government was serious about pressing on with high-speed rail despite the hefty price tag, he said: "Yes, we are. "But there's no doubt that for a project which is 1,700 kilometres (1,050 miles) long, that would involve some 144 kilometres of tunnelling, that it would take time for construction to commence." The study shows the total capital cost would be AUS$114 billion, including project development and construction funding, with limited potential to attract private investment due to poor rates of return. "It's pretty clear that this would require a substantial commitment by the national government," Albanese said. "It's also the case that you could get some state and territory government contributions." But he insisted it could deliver a positive economic benefit, with the study showing the line would be capable of carrying 84 million passengers a year. "(The study) estimates that overall there is a significant economic benefit, a return of $2.30 to Australia's economy for every dollar that is invested," he said. A journey from Sydney to Melbourne that currently takes some 12 hours by rail would take just two hours and 44 minutes on trains travelling at an average of 300 kph (186 mph). Travel from Sydney to the capital Canberra would be reduced from four hours to 64 minutes while commuters from Sydney to Brisbane could make the trip in two hours 37 minutes instead of the current 13 hours. The study said the 1,784-kilometre route from Melbourne to Brisbane would not be complete until 2058, with the first trains unlikely to run on the first stretch of track until at least 2030. The proposal will now be put to public consultation, but whether it ever goes ahead remains to be seen, with the conservative opposition widely tipped to win national elections in September casting doubt on its feasibility. "It's certainly a great dream that people have been thinking about for a very long time, but the cost of $114 billion estimated at this stage is obviously a huge barrier," said opposition transport spokesman Warren Truss.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australian highspeed rail would cost 120bn Arab Today, arab today australian highspeed rail would cost 120bn

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australian highspeed rail would cost 120bn Arab Today, arab today australian highspeed rail would cost 120bn

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday