Labor commits $1b for high speed rail white elephant

Friday, 10 May 2019

For years, Labor’s infrastructure spokesman, Anthony Albanese, has pushed hard for a High Speed Rail (HSR) line linking the east coast capitals. Now he appears to be getting his wish, with Labor officially pledging $1b towards the project:

Labor has promised to spend $1 billion buying land between Melbourne, Canberra, Sydney and Brisbane to build a future high-speed rail link…

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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.