News

High-speed rail would deliver $48b in benefits: report

PEOPLE living in northern New South Wales would enjoy some of the key benefits from a high-speed railway linking major cities on the east coast.

A study commissioned by Greens Deputy Leader Adam Bandt and authored by former Deloitte partner Naomi Edwards shows the rail link would deliver more than $48 billion in benefits over a 30-year period.

These savings would come in the form of reduced car trips ($31 billion); reduced traffic congestion ($11 billion); fewer road accidents ($4 billion), and; reduced greenhouse gas emissions and pollution ($2.64 billion).

The rail link would also have "unquantified benefits", including a number of positives for regional Australia.

These benefits, described as "regional rebalancing", would come in the form of increased work options, boosting tourism and better access to city health and welfare services, the study found.

It would also make living in the regions, where the cost of living is significantly cheaper, a realistic option for people who want to continue their careers in the cities.

While the research did not focus specifically on northern NSW, Ms Edwards' case study of the Melbourne to Canberra route shows what impact the project would have on regional areas.

Ms Edwards' work projects significant gains for the towns of Albury, Wodonga and Shepparton.

The route recommendations contained in the Federal Government's phase one report, released last year, were used for the research.

While just one short list corridor is being considered for the Melbourne to Canberra route, there are five short-listed options for the routes between Newcastle and Brisbane.

Regardless of the selected route there would likely be stations on the Gold Coast, Far North Coast, Northern Rivers and Mid-North Coast.

The rail link, which is projected to cost anywhere between $60 billion and $108 billion depending on the route, would bring some parts of northern NSW to well within an hour of Brisbane and less than three hours from Sydney.

Brisbane to Sydney would become a three-hour trip (it currently takes about 14 hours), with a further three hours to Melbourne.

The HSR phase two report is due to be released before the end of the year.

"High speed rail's time has come. The government now needs to make a clear financial commitment to taking the next steps towards putting high-speed rail in place," Mr Bandt said.

>>See the Greens' report into High Speed Rail's benefits

>>See the High Speed Rail phase one report

Topics:  adam bandt, greens, high-speed rail




Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

The Captain kicks butt, but...

From left: Scarlett Witch (Elizabeth Olsen), Captain America (Chris Evans) and Bucky/The Winter Soldier (Sebastian Stan) in a scene from Civil War.

Captain America Vs Iron Man in an epic show-down that works for fans

Jean gets published despite critics

The cover art for Jean Chapman's first book, By Touch Alone.

Gympie author thumbs nose at those who said she didn't have it.

‘I didn’t want that fear again’: Hendra scares prompt vaccine

Carol Backhouse from Backhouse train is advocting the Hendra virus vaccine after a couple of close calls.

One too many close calls for Kandanga horse trainer

Latest deals and offers

Hendra

Carol Backhouse from Backhouse train is advocting the Hendra virus vaccine after a...

Golf

Golf Pennents team win Virginia Reid, Kate Sawrey, Keryn Jessen, Karen Mills, Carol...

Rattler

Mayor Mick Curran and councillor James Cochrane and Garry Davison with some good...

Gympie trumps Fraser Coast in new housing developments

The scorecard is out - Gympie has come up trumps compared to Wide Bay in terms of new housing development.

Gympie trumps Fraser Coast in new housing developments

Demand for acreage lots pushes up property prices

Property values in Cooroy have increased 25%

Property values jump in Cooroy and Peachester.

How a sacked real estate agent made $725k in four months

Agent is now under investigation by the industry watchdog