A plan to connect Melbourne, Canberra and Sydney through high-speed rail has been released and its promoters say the project will not be executed using taxpayers money, although it’s expected to come with a USD 200 billion price tag.
The ambitious proposal calls for the construction of eight new inland cities between the capital cities, in a bid to reduce the pressure of growing population in Melbourne and Sydney.
The long-awaited plan was released on July 13th by private company Consolidated Land and Rail Australia Pty Ltd (CLARA), which has partnered with international companies including GE, Aecom, RMIT and the CSIRO.
Land deals have been signed in regional areas, and if it receives support form three levels of government, the company says construction could begin within five years.
Phase one of the development will involve a $13 billion high speed rail into northern Victoria and the development of two new partner cities in the region over 30 years.
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