According to some of Australia’s best infrastructure consultants, Melbourne’s recent $10.9 billion rail project is said to help boost the Australian economy whilst also being placed as one of highest projects of the nations priority.The new infrastructure will feature two nine-kilometer rail tunnels running beneath the city of melbourne, and will join Kensington to the South Yarra. This will free up space in Melbourne’s City Loop to be able to run more trains more often,
The body’s project evaluation has backed the benefits will out weigh the huge cost thats been invested once the new infrastructure is under way, saying they’re “confident that the benefits will exceed its costs” and “will provide a net benefit to the Australian economy”
This has placed more pressure on Turnbull’s government to raise funding given to major project in Victoria, and has created some what of a dispute between the Andrew and Turnbull government. Malcom Turnbull recently stated that “The metro project has merit but the business case needs work”, he also stated specifically that the value capture of the porject hadnt been evaluated to its full extent. As with this, it was found that the infastructure was getting all of 77 cents in every $10 allocated from the federal budget, despite the rapid growing population and desperate need for such projects to take place and be built. Melbournes population is said to increase by nearly 30% in the next 15 years to come.
With this in mind, why wouldnt the so called keen public transport user Mr. Turnbull fund more to major projects needed to improve our economy and keep up with the rapid increase in population? Victorian Public Transport Minister stated the assesments done by Australias infastructre team was what the government had already known, and that Turnbull simply needs to give “Victoira its fair share of infastructre funding”
The last environmental assessments have been completed and and early works have begun on the major project.