A Shorten Labor Government will invest $300 million in the Suburban Rail Loop – getting the project going faster and creating jobs sooner.
Labor’s investment will support the development of a business case and get the planning work done quicker, enabling the construction to commence in 2022. The project will provide a major boost to the economy, creating 20,000 jobs in the construction phase alone and employing 2000 apprentices.
This is the sort of vision Melbourne needs – to keep up with the demands of Australia’s fastest growing capital city, investment in world-class, modern transport network is critical.
Melbourne is a great place to live and work. But between now and 2046, the city’s population is projected to grow to 7.3 million residents. Without proper planning and investment in the city’s roads and public transport infrastructure, the annual cost of traffic congestion will more than triple to $9 billion by 2030.
Labor understands how important it is to invest in decent public transport that will take the pressure off our cities, ease traffic congestion, and connect the suburbs and the regions – bringing jobs and apprenticeships along the way.
On completion, the Suburban Rail Loop will comprise of a 90 kilometre rail line through Melbourne’s northern and eastern suburbs via the airport, linking all of the city’s major train lines. It will connect the suburbs directly to major employment hubs, universities, TAFE and hospitals outside the city, making it much easier for Victorians to get around for work and recreation.
Labor’s investment will help finalise exact station locations, route alignments, rolling stock and staging, and get construction underway faster.
Expected to be used by 400,000 passengers a day, the project will take pressure off existing lines, as well as an estimated 200,000 cars off the city’s road network. Fewer cars on the road mean less congestion and shorter travel times.
Federal Labor’s investment follows expert analysis showing the project will slash travel times across the city. When complete, commuters will be able to travel from Box Hill to the airport in 25 minutes and to Monash Clayton in around 15 minutes. Travel from Broadmeadows to Deakin Burwood will be less than 25 minutes – connecting Victorians to education and work opportunities quicker and easier.
This commitment to the Suburban Rail Loop builds on Labor’s strong track record of delivering job-creating infrastructure that eases congestion for Victorians, and will match the funding commitment announced by the Andrews Labor Government in August this year.
Labor has made hard budget decisions to ensure our priorities are fully paid for – we will make multinationals pay their fair share and close unsustainable tax loopholes, because we want to build the cities and society that will give the next generation a better deal.