High speed ponzi rail pivots into the regions

By Leith van Onselen

For years MB has explained why it does not support the proposed $120 billion High Speed Rail (HSR) line linking the major eastern cities of Brisbane, Sydney, Canberra and Melbourne, due to:

  • The exorbitant cost associated with building and operating the rail line;
  • Lack of population density to support the project; and
  • Lack of competitiveness against air travel unless there are massive ongoing operational subsidies from taxpayers.

In order to encourage people to move to regional centres and then commute into the CBD for work would require fares to be kept affordable, which in turn would require heavy subsidies from the government. After all, there’s little point moving from, say, Melbourne to Shepparton, and saving $300,000 on a house, if it costs you $200-plus a week to travel into the Melbourne’s CBD via HSR.

There are 801 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.