AusRAIL, Market Sectors

Budget to revive inland rail project

<p>The long-mooted inland rail line between Melbourne and Brisbane will receive $120m of funding in tomorrow’s (Tuesday, May 8) federal Budget, <em>The Australian</em> reports this morning.</p> <p>The funding is to be used for a final engineering and economic study and to acquire land for the missing sections of the 2,000 km rail corridor.</p> <p>The line is expected to run from Melbourne to the intermodal terminals at Parkes, west of Sydney, before stretching across the Queensland-New South Wales border to Toowoomba.</p> <p>The inland rail line will be one of several projects funded under the five-year, $19bn AusLink II, which begins in 2009. </p> <p>QR has previously estimated that a 210-km section, which would connect the line to Gladstone, would cost about $600m.</p> <p>A second missing section, between Toowoomba and the northern NSW town of Moree, would be about 370 km.</p> <p>The total project is expected to cost billions.</p> <br />