Re: Inland MeIbourne-Brisbane railway would save money - study

[taliesin@chariot.net.au (Taliesin Walker)]

"The life of the asset". How long do they expect a railway line to
last?

Tali


On Sun, 12 Nov 2000 02:27:01 GMT, dbromage@fang.omni.com.au (David
Bromage) wrote:

>Inland MeIbourne-Brisbane railway would save money - study
>   CANBERRA, Nov 10 AAP - Federal Transport Minister John Anderson 
>today backed a private inland railway between Melbourne and 
>Brisbane after a study showed significant economic benefits.
>   The Bureau of Transport Economics (BTE) analysis indicated that 
>every dollar spent on the Australian Transport and Energy 
>Corridor's (ATEC) project should generate benefits of between $3.60 and
>$8.50.
>   That aded up to a total economic benefit of at least $5 billion 
>over the life of the asset.
>   Mr Anderson commissioned the BTE study using data from ATEC's 
>pre-feasibility study.
>   "The pre-feasibility study and the subsequent work we are now 
>doing, including through the BTE, shows that an effective inland 
>rail linkage between Melbourne and Brisbane is economically 
>attractive," he said in a statement.
>   "It is clear that this proposal has the potential to provide 
>benefits to Australia as a whole.
>   "It is an important project for regional Australia and in 
>particular for the many primary producers, businesses and 
>communities who might eventually access such a railway.
>   "Further work developing the proposal is being undertaken by 
>ATEC and its commercial partners, including the Commonwealth's 
>Australian Rail Track Corporation, who are now developing a 
>business case for the proposition.
>   "I am very pleased that this major infrastructure is looking so
>promising."
>   The release of the BTE analysis follows the recent announcement 
>of a $30,000 contribution to a market study on extending the 
>proposed railway from Toowoomba to Gladstone and Emerald.  
>AAP fh/daw/wjf/br
>