The Federal Government has injected an additional $5.5 billion into the Australian Rail Track Corporation (ARTC) to help deliver a more efficient and safer Inland Rail.
This additional equity will enhance planning, design, and delivery of the Inland Rail project, which will support thousands of extra jobs and provide billions in economic activity.
The $5.5 billion will fund:
- An additional 6.8 kilometres of bridges
- Ten extra grade separations
- 450 kilometres of additional fencing
- The removal of 139 level crossings
- 4,500 additional culverts
- Nine additional viaducts
These enhancements were made possible by the ARTC's dedication to the designs and engaging with communities to undertake a detailed analysis of the 1,700-kilometre rail line.
Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development, Michael McCormack said in a statement that these enhancements to the Inland Rail would support more than 21,500 jobs at the peak of construction and deliver a further $2 billion economic boost.
"These enhancements to the Inland Rail network will deliver more contracts for local businesses and more work for Australians at a time when we need them most," Minister McCormack said.
Minister McCormack also stressed that it’s not only Tier 1 contractors building the Inland Rail but businesses of all sizes from across Australia who have been tendering for work have benefitted from the Inland Rail construction.
Minister for Finance, Simon Birmingham, explained how the Inland Rail would change Australian freighting with this world-class network between Melbourne and Brisbane.
"Enhanced Inland Rail will change the way we move freight in Australia, supporting fast, reliable and cost-competitive movement of goods and resource. Our investment will strengthen supply chains, and better connect regional areas along with the network with customers across Australia and the world," Minister Birmingham said.
The Inland Rail project is currently in the construction stage of the 171-kilometre track between Narrabri and North Star which was a $693 million contract won by joint venture John Holland and SEE Civil in October 2020.
Over the next few months, four more Government statements are expected to be released, detailing the Inland Rail project's Queensland section.
Source: Media Release
To stay up to date with the latest industry news, subscribe to The Flapping Mouth blog below.