AusRAIL, Market Sectors

Rail money for NSW unveiled

<p>A total of $870m will be pumped into New South Wales rail infrastructure over the next five years if the State Government agrees to hand over management of the interstate track.</p> <p>Transport minister John Anderson made the funding announcement last week. </p> <p>The money will come from the Federal and State Governments, the Australian Rail Track Corporation (ARTC) and the private sector.</p> <p>ARTC recently submitted a track leasing proposal to the NSW Government, which includes the investment plan.</p> <p>Funding would pay for a dedicated freight line into Sydney, upgrades in the Hunter Valley, infrastructure improvements, new and extended crossing loops and safety programs.</p> <br />