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, confirming its commitment to progressing the project.
The assessment was conducted by Infrastructure Australia since last December. The cost of building Stage 1 (Sydney to Newcastle) is estimated to be between $30 billion to $40 billion by industry experts.
"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, declining to comment on costs during a Senate estimates hearing.
Author's summary: Sydney-Newcastle high-speed rail project moves forward.
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