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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.
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