Title: New Australian government sets out rail priorities
Abstract: As part of its commitment to invest in infrastructure, Australia's new federal government has already approved the Inland Rail project (IRP) since coming to power in September 2013. As discussed in this article, some fears about the new government's intentions towards rail should be allayed by this news. The IRP is expected to take seven hours off the travel time between Melbourne and Brisbane, as well as boost regional development along the entire route. The federal government will take over responsibility for funding 80% of federal road construction, while responsibility for urban rail will lie with the state governments. While current government restrictions prevent pension funds from investing in infrastructure projects, the new government will be looking at how this can be changed, thus opening the door to public-private partnerships (PPPs). High speed rail options are also being examined.
Publication Year: 2013
Publication Date: 2013-11-01
Language: en
Type: article
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