The Australian federal government has revealed that plans for a high-speed rail link along Australia’s east coast are still on the drawing board following a number of high-level meetings with Japanese, Chinese, Spanish and French rail companies.
A report in The Australian newspaper says that renewed interest has emerged in the project as Central Japan Railway Company (JR Central) declared Japanese tunnelling methods could strip 20-30% off the projected cost. The article also reveals that the Japanese Bank for International Cooperation (JBIC) is prepared to bankroll construction if Australia shares the risk.
Source: www.railjournal.com
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