In all of the talk regarding the current infrastructure boom in Australia, this sizable piece of the puzzle, announced in June 2017, looks to have been missed. Don't think the main contract has been awarded yet. It's a 7 year project.
Very likely Aconex will benefit.
Victoria regional rail to get $1.6b injection
TRAIN commuters will get extra services, upgraded stations and faster trips thanks to a long-awaited $1.6 billion injection into Victoria’s ageing regional rail network.
BUDGET TO SPLURGE $1.4BN ON REGIONAL RAIL UPGRADES AND NEW SURF COAST LINE
Prime Minister Malcolm Turnbull will today unveil a major funding package for nine railway lines running to all corners of Victoria.
The Herald Sun can reveal the PM contacted Premier Daniel Andrews last night to offer $1.42 billion for the project, ending a stalemate in which Canberra had refused to put in more than $1 billion and Victoria had baulked at providing its own funding.
The biggest winners are the Ballarat and Gippsland lines, where almost $1 billion is to be spent on upgrades, including major track duplications. The North East, Surf Coast and Warrnambool lines will benefit, as will Bendigo, Echuca and Shepparton, and the Murray Basin freight network.
Another $95 million is to be spent upgrading the Avon River bridge in Stratford.
Work on the seven-year project, expected to begin within months, will create more than 1000 jobs.
The deal also includes $30 million to develop a business case for the building of a rail link to Melbourne airport.
Mr Turnbull told the Herald Sun that Victorians “deserve better public transport no matter where they live” and his government was “determined to deliver the road and rail projects to set the state up for future decades”.
“Victorians deserve quality roads and rail projects. My government will deliver them,” he said.
The PM has said all civilised cities should have a train to an international airport.
The Herald Sun understands that now that Canberra has upped its initial pledge, the state has also agreed to put $150 million towards the $1.6 billion package.
The package is the result of month of talks between federal Infrastructure and Transport Minister Darren Chester and his Victorian counterpart, Jacinta Allan, over how to spend proceeds of the Port of Melbourne sale.
Mr Chester said: “It’s pleasing the Coalition has been able to deliver for all Victorians. Our funding allows the regional rail network to be better linked.
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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.
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