Vic Liberals launch $19b ponzi rail band aid

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By Leith van Onselen

The Victorian Liberals population decentralisation gimmick has taken another step forward, with the announcement of a $19 billion regional fast rail project. From The Herald-Sun:

Under the radical Coalition plan for 200kmh train services, a Geelong-Melbourne journey would take as ­little as 32 minutes by 2022. And the duration of a journey between Ballarat and Melbourne would plummet to 45 minutes later in the decade.

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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.