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 assessment, which was conducted by Infrastructure Australia, began in December last year. Industry experts estimate the cost of building Stage 1 (Sydney to Newcastle) to be between $30 billion and $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 Tim Parker, High Speed Rail Authority chief executive, when asked about costs during a Senate estimates hearing.
The government has confirmed its commitment to progressing the project.
Author's summary: Sydney-Newcastle rail project assessment complete.