Joint Media Release

ARTC scoping study delay to consider inland rail project

MC 42/15

Senator the Hon. Mathias Cormann
Minister for Finance

The Hon Warren Truss MP
Deputy Prime Minister
Minister for Infrastructure and Regional Development

 

2 September 2015

The Government is currently considering options to develop the inland railway between Melbourne and Brisbane in the most efficient and cost effective way possible.

This inland rail route offers a strategic opportunity to invest in nationally significant infrastructure, which would service Australia for the next 150 years.

It offers the prospect of significant improvements in the productivity of freight services in Eastern Australia by providing a new high performance freight rail corridor.

Work on developing a business case and potential financing and delivery options for this project is currently underway.

The Australian Rail Track Corporation will be an important part of developing any options on this project.

As such, the scoping study into options for the future management, operations and ownership of the Australian Rail Track Corporation will need to be broadened to take this important strategic initiative into account.

Consequently, the Department of Finance has decided not to proceed with the current tender processes for business and legal advisers for the ARTC Scoping Study. A new process to appoint suitable advisers will begin later this year.

The ARTC scoping study remains on track for consideration by the Government in the 2016-17 Budget process.

[ENDS]

Media Contact(s): 

For Mr Truss: Brett Heffernan - 0467 650 020
For Mr Cormann: Karen Wu - 0428 350 139

Senator the Hon Mathias Cormann, Minister for Finance, Perth