News

High-speed rail would deliver $48b in benefits: report

PEOPLE living in northern New South Wales would enjoy some of the key benefits from a high-speed railway linking major cities on the east coast.

A study commissioned by Greens Deputy Leader Adam Bandt and authored by former Deloitte partner Naomi Edwards shows the rail link would deliver more than $48 billion in benefits over a 30-year period.

These savings would come in the form of reduced car trips ($31 billion); reduced traffic congestion ($11 billion); fewer road accidents ($4 billion), and; reduced greenhouse gas emissions and pollution ($2.64 billion).

The rail link would also have "unquantified benefits", including a number of positives for regional Australia.

These benefits, described as "regional rebalancing", would come in the form of increased work options, boosting tourism and better access to city health and welfare services, the study found.

It would also make living in the regions, where the cost of living is significantly cheaper, a realistic option for people who want to continue their careers in the cities.

While the research did not focus specifically on northern NSW, Ms Edwards' case study of the Melbourne to Canberra route shows what impact the project would have on regional areas.

Ms Edwards' work projects significant gains for the towns of Albury, Wodonga and Shepparton.

The route recommendations contained in the Federal Government's phase one report, released last year, were used for the research.

While just one short list corridor is being considered for the Melbourne to Canberra route, there are five short-listed options for the routes between Newcastle and Brisbane.

Regardless of the selected route there would likely be stations on the Gold Coast, Far North Coast, Northern Rivers and Mid-North Coast.

The rail link, which is projected to cost anywhere between $60 billion and $108 billion depending on the route, would bring some parts of northern NSW to well within an hour of Brisbane and less than three hours from Sydney.

Brisbane to Sydney would become a three-hour trip (it currently takes about 14 hours), with a further three hours to Melbourne.

The HSR phase two report is due to be released before the end of the year.

"High speed rail's time has come. The government now needs to make a clear financial commitment to taking the next steps towards putting high-speed rail in place," Mr Bandt said.

>>See the Greens' report into High Speed Rail's benefits

>>See the High Speed Rail phase one report

Topics:  adam bandt, greens, high-speed rail


Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Humans of New York-style website takes off

HISTORIC KEEPSAKE: Just one of the Humans of New York-style portraits taken by Bribie Islander Elizabeth Aird for her Facebook page Portraits of our Elderly.

Humans of New York-style website takes off

Driver u-turns to avoid police, crashes into power pole

A 25-year-old Birtinya woman has been charged for allegedly punching a woman police officer in the head during an early morning incident in Ocean St.

It began when police spotted a vehicle being driven dangerously

Council of Mayors to meet in Mooloolaba for big-picture plan

Brisbane Lord Mayor Graham Quirk will join the Council of Mayors (SEQ) in Mooloolaba for the next two days.

Council of Mayors meet in Mooloolaba for mind mapping and more

Latest deals and offers

Bribie Island residents experience rough transition to NBN

Some internet service providers have not lived up to their expectations of providing a fast and reliable change over to the National Broadband Network.

Humans of New York-style website takes off

HISTORIC KEEPSAKE: Just one of the Humans of New York-style portraits taken by Bribie Islander Elizabeth Aird for her Facebook page Portraits of our Elderly.

Humans of New York-style website takes off

Driver u-turns to avoid police, crashes into power pole

A 25-year-old Birtinya woman has been charged for allegedly punching a woman police officer in the head during an early morning incident in Ocean St.

It began when police spotted a vehicle being driven dangerously

Council of Mayors to meet in Mooloolaba for big-picture plan

Brisbane Lord Mayor Graham Quirk will join the Council of Mayors (SEQ) in Mooloolaba for the next two days.

Council of Mayors meet in Mooloolaba for mind mapping and more

Police officer airlifted from Mt Tibrogargan

POLICEMAN RESCUED: The man was stabilised by emergency crews at Mount Tibrogargan before being winched on board the RACQ CareFlight Rescue helicopter. Photo Contributed

A MAN in his 50s was airlifted from Mt Tibrogargan this morning.

Pacific Harbour canal maintenance underway

Canalside living at Mooloolaba Photo: Megan Mackander

Pacific Harbour canal maintenance underway

Federal Police Defuse Dance Bomb

Australian Federal Police respond to "threat" in Canberra.

Australian Federal Police respond to "threat" in Canberra.

NSW Police join Dance Challenge

NSW Police show their moves at Manly Wharf.

Manly Wharf is the backdrop to NSW Police running-man dance entry.

Scotland Police accept Dance Challenge

NZ Police doing the running man dance.

Australian Federal Police say watch this space but NT Police feel ignored.

Demand for acreage lots pushes up property prices

Property values in Cooroy have increased 25%

Property values jump in Cooroy and Peachester.

How a sacked real estate agent made $725k in four months

Agent is now under investigation by the industry watchdog

RBA warns of future apartment oversupply

Toowoomba: Crest Apartments and Burke & Wills, Ruthven Street ( view from Neil Street) Photo Bev Lacey / The Chronicle

RBA says oversupply of apartments poses risk to household finances