Government Completes Assessment of Sydney-Newcastle High-Speed Rail Business Case
The federal government has completed the assessment of the business case for the Sydney-Newcastle High-Speed Rail project.
The project's business case has been under review by Infrastructure Australia since December. Industry estimates suggest that the cost of building Stage 1 (Sydney to Newcastle) could range from $30 billion to $40 billion.
"I don't want to mislead the Senate or the estimates hearing, and the range and the cost is dependent on the government's decision,"said High Speed Rail Authority chief executive Tim Parker, when asked about costs during a Senate estimates hearing.
The government has confirmed its commitment to progressing the project, with further details expected to be announced.
Author's summary: Sydney-Newcastle high-speed rail project moves forward.
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