ACT Light Rail costs blowout

Click link to original version of this comment at Macrobusiness  (link may be locked – but there is a free trial available)

$600M for 12km is very cheap when it comes to these types of Ozzie Boondoggles so expect plenty of announcements that the public purse has a large piece of tram track jamming it open.

That 11km section of new rail in South Western Sydney came in at $2B and it was mostly over cow paddocks – except for a tunnel under the freeway and a flyover at Glenfield.

There was lots of hand clapping and back slapping at the fact they brought in $100M less than last estimates.

As I have noted on previously threads on this subject a better start is:

1. Create a bus only lane with preferential lights at intersections.

2. Greatly reduce land use restrictions for the entire route for approx a 10 minute walk either side (say 1.5 – 2 km) to allow mixed use up to say 7 storeys – more if there is demand for it.

And see how it goes – they can always convert the bus lane into a light rail or a heavy rail subway if required.

Oh – and make all new apartments and townhouses along the route and likely to benefit from the project subject to a LVT to ensure the rise in property values due to the speedy bus service generates revenue that can be salted away for the eventual upgrade to a heavy rail subway.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s