The project is worth $52 million and will connect Sydney, Canberra and Melbourne over the next four years. Labor party has also promised to introduce legislation to protect a corridor for fast trains between Australia’s two largest cities.
On the other hand, the plans proposed by Labor party are extremely costly, while there are high chances that the government might not have enough money to complete these projects. Deputy Prime Minister Anthony Albanese said the government can easily afford to start building a line which could be completed in up to 17 years.
“There are some people that say this would not occur but would not it be a tragedy if, as the economics of a project like this improve over time, it becomes impossible because the planning and foresight was not there,” Albanese said.
“What I want to do is to be realistic and thoughtful and considered about this – there is no doubt in my view that high speed rail should be part of Australia’s infrastructure future,” he said.