Three business cases for faster rail in New South Wales, Queensland and Victoria will be developed under the Federal Government’s $20 million Faster Rail Prospectus.
The successful proposals include: the NSW Government proposal for Sydney to Newcastle; Consolidated Land and Rail Australia’s (CLARA) proposal for Melbourne to Greater Shepparton; and North Coast Connect consortium’s proposal for Brisbane and the regions of Moreton Bay and the Sunshine Coast.
According to a statement from the Federal Government, the successful proposals were selected following a competitive assessment process for their potential to substantially improve the efficiency of rail links between key regional centres and major cities.
The Government said the businesses cases are expected to be delivered over the next 12 months, with the Federal Government’s funding for the business cases to be combined with funding provided by the project proponents.
Once the business case for each proposal is complete they will then proceed to independent assessment by Infrastructure Australia.