Government Completes Assessment of Sydney-Newcastle High-Speed Rail Business Case
The federal government has completed the assessment of the business case for the Sydney-Newcastle High-Speed Rail project.
The assessment was conducted by Infrastructure Australia, which has been reviewing the business case since December last year.
- The project's estimated cost for Stage 1 (Sydney to Newcastle) is between $30 billion to $40 billion, according to industry experts.
- High Speed Rail Authority chief executive Tim Parker declined to comment on costs, citing dependency on government decisions.
"I don't want to mislead the Senate or the estimates hearing, and the range and the cost is dependent on the government's decision,"
said Tim Parker in a Senate estimates hearing.
The government has confirmed its commitment to progressing the project.
Author's summary: Sydney-Newcastle high-speed rail project assessment completed.