High speed rail linking east coast will drive great benefits

A NEW report has signalled massive benefits to the region of a high speed rail system linking the east coast.

Commissioned by Greens Deputy Leader Adam Bandt, the report shows $48 billion in benefits from high speed rail and in particular highlights significant gains for regional NSW from greater work options, a boost to tourism income, better access to city health and welfare services and in the strengthening of businesses.

Prepared by a former partner at Deloitte, the study also shows benefits in time saved by consumers, congestion savings, accident reduction and pollution reduction.

"The economic gains from high speed rail are clear - now the government needs to provide the financial commitment," Greens Senator for NSW Lee Rhiannon said.

"The report predicts High Speed Rail will bring new families to regional towns along the route, including people who can commute more easily to jobs in Sydney.

"People are attracted to the idea of living in regional North Coast towns but finding employment can be difficult.

"What High Speed Rail has been shown to do is reduce inequalities between regions like the North Coast and cities - for example by bringing new tourist and commuter visits and boosting socio-economic well-being.

"By bringing regions and towns closer together North Coast residents will also have improved access to jobs as well as health and welfare services.

"High Speed Rail will allow North Coast residents to better connect with each other, bringing flow on benefits to sports and the arts.

"This report concludes that when these economic and social benefits are included the cost of High Speed Rail is almost cut in half," Senator Rhiannon said.

>>Read the report here.

Topics:  east coast, high speed rail



Local Real Estate

Featured Real Estate
Coastal Hinterland 100... Offers Over...
Rural 0 0
Best Value Brick Buy in... $275,000
House 4 2 2
A+ for Position... Offers Over...
House 5 1 2
Job Promotion... Offers Over...
House 4 1 3
Horse Heaven - 5 Minutes... $699,000
Rural 4 2 5
FULLY SELF CONTAINED MOD... FULLY SELF CONTAINED MOD HOMES $14,990K for 6 x 2.4 x 2.5m ...
Incredible Views of the... $340,000
House 4 2 4
Entrepreneurial..... AUCTION
House 3 1 4
Take Me Back To... $136,000
Rural 0 0
Looking For a Lifestyle... $349,000
Rural 3 1 3

Featured Jobs

finda logo

Clarence Valley jobs listed daily

Featured Jobs
STOREPERSON Grafton Full Time
Administrator (Grafton... Grafton Part Time 30 000 - 50 000
Truck Drivers Wanted Grafton Full Time
Cleaner Harwood
Due to the expansion of... Due to the expansion of our Coffs Harbour business Peter Dubois Smash ...


Local Partners

LATEST DEALS AND OFFERS

Job Listings

Search for your next job now.
Learn More

Cars For Sale

Find cars for sale online now.
Learn More

Property Listings

Search for a property online right now.
Learn More

Local Profile

Stay Connected

Get the news as it happens, in your inbox

You can change the newsletters you are subscribed to when you edit your profile

Edit Profile


Special Offers

Latest deals and offers

View today's ePaper!

Read the digital edition
Learn More

Horoscopes

Virgo

Your strong stamina and libido could be a problem for your partner or spouse as you demand more than they can give. This requires finding an...

read more

Marketplace

Special Offers & Promotions

Compare & Save