Senator the Hon. Mathias Cormann
Minister for Finance
Deputy Leader of the Government in the Senate
The Hon Darren Chester MP
Minister for Infrastructure and Transport
Senator the Hon Fiona Nash
Minister for Regional Development
Date: Tuesday, 3 May 2016
The Turnbull Government is responsibly investing in infrastructure in cities and regions to boost jobs and growth. That’s why we are committing an additional $594 million to get Inland Rail on track.
Inland Rail is a truly transformational project that will open up the freight corridor between Melbourne and Brisbane, via regional New South Wales, and boost productivity for decades.
The Inland Rail project will be delivered through the Australian Rail Track Corporation (ARTC) in partnership with the private sector. The Government will begin market testing for private sector involvement in the project.
The economic benefits of Inland Rail will be felt across the nation. The east coast freight corridor between Melbourne and Brisbane already generates 75 per cent of Australia’s gross domestic product. It is responsible for commodity exports of more than $260 billion each year.
Inland Rail will deliver almost $22.5 billion of direct and indirect benefits to Australia. Inland Rail will be a huge boon for industry, including the mining and agricultural sectors in eastern Australia, helping to meet the long-term Melbourne to Brisbane freight challenge.
It will reduce the strain on other infrastructure in our national network, providing a freight solution capable of carrying the eight million tonnes of extra freight expected to be travelling between Melbourne and Brisbane in 2050. This is equivalent to taking 200,000 trucks movements off the road each year, with every interstate train on Inland Rail the equivalent of approximately 110 B-double trucks. This will improve safety for all road users along the corridor.
After years of planning, the Government is moving ahead to acquire the land necessary to construct Inland Rail. With funding now set aside for land acquisition to commence in 2017, communities will be given certainty as the alignment is decided and the project gets shovel-ready.
ARTC is well advanced with planning and pre-construction works right across the 1,700km corridor and this decision provides a green light for ARTC to advance the project.
During the construction phase, Inland Rail will create up to 16,000 jobs during the peak of construction. Once the line is fully operational it will provide 600 ongoing jobs.
Once built, Inland Rail will also connect with the transcontinental east-west rail corridor at Parkes, connecting southeast Queensland directly by rail to Melbourne, Adelaide and Perth, avoiding the need for freight to transit through the congested Sydney network.
More information about the Inland Rail is online at http://infrastructure.gov.au/rail/inland/
For Mr Chester: Catherine McDonald - 0447 066 213
For Mr Cormann: Karen Wu - 0428 350 139
For Senator Nash: Les White - 0409 805 122