Aug 11, 2008

$25 Million to FInd Solutions to Sydney’s Congestion

$25 Million to FInd Solutions to Sydney’s Congestion

MEDIA RELEASE

The Hon Anthony Albanese

Minister for Infrastructure, Transport,

Regional Development and Local Government

Leader of the House

Member for Grayndler

August 11 2008

Detailed feasibility studies will start this month on two multi-billion infrastructure projects which have the very real potential to unclog some of Sydney’s key roads and modernise a significant part of its passenger rail network.

The Commonwealth and NSW governments have agreed the terms of the studies into the proposed Western Metro (Green Line) and upgrade of the M5 East.

Both governments have also stumped up the necessary cash.

All up, the Rudd Labor Government will provide $25 million to kick-start and accelerate this necessary work.  The Iemma Labor Government has agreed to manage the process and put in a further $20 million.

WESTERN METRO (GREEN LINE)…

The Green Line would be independent of the existing CityRail network, with transfer opportunities at key points.  The feasibility study will identify the best route options and develop a business case using estimates of patronage, revenue and cost.

 

On a typical weekday, almost a quarter of a million people travel by train between Parramatta and the CBD – and this is likely to rise significantly with predictions that the population of Greater Western Sydney will grow by another 500,000 over the next 25 years.

The feasibility study’s $30 million price tag will be paid by both the Commonwealth

($20 million) and NSW ($10 million) governments.

M5 EAST TRANSPORT CORRIDOR…

Upgrading of the M5 East corridor has the potential to support the thousands of additional trucks that will be heading to and from an expanded Port Botany as well as the rapidly growing suburbs of Sydney’s south west.

Already 96,000 vehicles a day use the M5 East and this is likely to grow not least because the number of containers moving through the Port is expected to more than double to 3.6 million in less than two decades.

The M5 East Transport Corridor study will be funded with $5 million from the Commonwealth Government and $10 million from the NSW Government.

We expect both studies to be finalised by the middle of next year.

After 12 years of inaction, the Rudd Labor Government is committed to reengaging the Commonwealth with cities policy, a central plank to Labor’s nation building agenda.