Grattan Institute destroys high speed rail

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Following Anthony Albanese’s pledge to build a High Speed Rail (HSR) line linking the east coast capitals if Labor wins the next election, the Grattan Institute has released a report, entitled “Fast train fever”, comprehensively demolishing the idea:

Australia should dump the decades-old dream of building a bullet train from Brisbane to Melbourne via Sydney and Canberra…

The east-coast bullet train advocated by the federal ALP would be an expensive folly: Australia’s small population and vast distances make it unviable; it would add to greenhouse gas emissions for decades; and governments could help many more commuters by improving public transport in the booming outer suburbs of the capital cites…

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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.