High Speed Pork: the boondoggle that won’t die

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Philip Laird, Honorary Principal Fellow at the University of Wollongong, has urged the Albanese Government’s new High Speed Rail Authority to begin construction on an east coast high speed rail (HSR) line as soon as possible.

“Nearly four decades after it was first proposed, Australia must surely hold the world record for high-speed rail studies with no construction”, Laird wrote in The Conversation.

“I estimate the cost of all these studies to date to be about A$150 million (both public and private money, in 2023 dollars). Yet not one kilometre of a land corridor for a high-speed rail track has been reserved”.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.