The Property Council of Australia has welcomed plans announced by the NSW Government to investigate a fast rail network linking regional centres to each other.
Investigating the viability of fast or faster rail to reduce travel time to regional centres would transform these areas by giving people more choices about where they work, live and play.
The NSW Government has announced that they have appointed High Speed Rail Expert Professor Andrew McNaughton to examine four potential routes for fast rail.
The four routes identified by the Government are within 300 kilometres from Sydney:
- Northern Route including the Central Coast and Newcastle.
- Southern Inland Route including Goulburn and Canberra.
- Western Route including Lithgow, Bathurst and Orange / Parkes.
- Southern Coastal Route including Wollongong and Nowra.
The Government is examining an immediate future of faster rail which would see travel time slashed by a third and in the longer term, high speed, which could see travel times decreased by up to 75 percent.
ACT Executive Director, Adina Cirson has said “A firm commitment to reduce in travel times between Sydney and Canberra would be very welcomed and this new commuter belt would open up housing development, allowing people to access work opportunities in both Sydney and Canberra.
“It will also make it easier for business and Government to work together between these two cities as well as open up tourism for both local and overseas visitors.”
Source: Property Council of Australia