Telstra will build a rail transit system linking Perth and Darwin that will eventually link the two major cities.
Key points:Telstra has said it expects the project to boost the Perth region’s economy for many years to come”It is a huge step forward for our city and a step towards creating a thriving city of Perth”Telstra and the Regional Transport Authority (RTA) are building the rail line at the former railway terminus of West Terrace in Perth’s inner north.
It is part of the $8.2 billion $8bn upgrade of the West Terracross-Lakeside Freeway, which will be built between the town of Croydon and Perth.
The RTA and Telstra are expected to deliver the rail system by the end of 2020.
The project has received a $4.4 billion grant from the Government, with $2.8 billion from the Federal Government.
Telstra chief executive Michael Quigley said the $4 billion was a significant investment and a further boost for the region.
“The new rail line is the most significant investment Telstra has made to date and will bring jobs, growth and prosperity to Perth,” he said.
“It will increase regional rail capacity, as well as create jobs in regional areas.”
Mr Quigle said the project was a win for the Perth metropolitan area, adding it was a key milestone in the development of the rail network.
“We have had a lot of progress on this project over the past five years, so it’s an important milestone,” he told the ABC.
“I think it is an important part of that journey for the entire Perth region, particularly as we look to the future of rail in the region.”
The rail line will connect the northern Perth town of Mount Gambier to the town and port town of Port Stephens.
Telco is the preferred bidder on the $3.7 billion project.
The $8BN rail project will involve the purchase of 10 per cent of the land along the line, which is a massive undertaking in terms of land acquisition, infrastructure, and other infrastructure.
It will be the largest rail project in Australia, but Telstra is already a major rail operator in Australia and will continue to provide services to the region as the state expands its rail network and the economy booms.
Mr Quagley said Telstra was committed to delivering the rail project on time, on budget and on budget with a focus on delivering value for money.
“Our track record over the last five years has been outstanding, and this is a major milestone for us,” he added.
“This is a step forward in the Perth rail network.”
Telstra is the leading bidder on a $1.2bn rail line connecting the town’s Port Stephens with Mount Gambiers to Croydens.
Topics:rail-transport,transport-transit-event,transportation,business-economics-and-finance,corinth-4305,perth-6000,waSource: ABC News (AUSTRALIA)