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Australia, Industry News, Latest News, Projects, Victoria

Labor pledges $10B for Melbourne’s Suburban Rail Loop

Opposition Leader Bill Shorten has pledged to spend $10 billion on Victoria’s Suburban Rail Loop as the election draws closer.

The Suburban Rail Loop, announced last year, is the biggest public transport project in Australian History, according to the Victorian Government. It aims to link every suburban train line in Melbourne along with the Tullamarine airport.

It is expected to cost around $50 billion dollars with construction estimated to begin in 2022 and finish later in 2050.

The project aims to reduce congestion across the transport network by taking 200,000 cars off major roads and is expected to create 20,000 jobs.

Design and planning works are currently underway on the first section in the city’s south east between Cheltenham and Box Hill.

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Shorten has called the project a “game changer for Australia’s fastest growing city”.

Victorian Premier Daniel Andrews has welcomed the announcement.

“The Suburban Rail Loop will get people where they want to go – and with a real partner in Canberra, we will be able to get on with this project even faster,” Andrews said.

“Just like the Metro Tunnel, North East Link and vital suburban road upgrades – this is real money for a real project that Victorians voted for and need.

“For too long, Victoria has put up with Prime Ministers from Sydney who can’t find our state on a map – that will all change with Bill Shorten who is Victorian through and through.”

Prime Minister Scott Morrison has promised to invest I Victorian infrastructure, pledging $4 billion to go towards reviving the East West Link, a road tunnel between the Eastern Freeway and Citylink.

Morrison has also promised $2 billion to build a high-speed rail line between Melbourne and Geelong and has formally signed off on a joint commitment towards the $10 billion Melbourne Airport Rail Link

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