Plans unveiled for Sydney to Melbourne high-speed rail

By Enterprise Monkey

A private company has released a $200 billion proposal to connect Melbourne, Canberra and Sydney through high-speed rail.

The plans by Consolidated Land and Rail Australia (CLARA) call for the construction of eight new regional cities with a rail station serving each.

CLARA Chairman and Co-Founder Nick Cleary claims that the company has already secured deals for almost half the private land needed for the project.

"They're multi-year option agreements and they give us legal control over the land that we're talking about," he said.

"It's about hitting certain milestones which will trigger other parts of those agreements to be released.”

In a video released yesterday, CLARA promised “new, regional compact, sustainable smart cities” connected by “the world’s most advanced high speed rail”.

According to Cleary, a Sydney to Melbourne express service would take less than two hours. If all eight stops were made, the trip would take approximately two hours and 45 minutes.

The project will take at least two decades to build and has the backing of an advisory board of Australian and US businesspeople, including former Victorian Premier Steve Bracks, former NSW Premier Barry O'Farrell and former US Secretary of Transportation Ray LaHood.

"Not only is CLARA seeking to build the world's largest high-speed rail infrastructure to date, the rail network is just part of a wider plan providing a quantum leap forward for the development of inland Australia," Cleary said.

Follow @BizReviewAU

Read the July 2016 issue of Business Review Australia and Asia magazine

Share
Share

Featured Articles

Hybrid live event shaping the future of Sustainability & ESG

Sustainability LIVE London returns for a two-day, multi-track conference programme featuring inspirational ESG speakers, debates and discussions

Nine must-attend sustainability events for business leaders

From London to Abu Dhabi, Singapore to San Diego, these sustainability-focused events are designed to help business leaders action their ESG goals

Daniel Weise of BCG on new supply chain and procurement book

Daniel Weise, global leader of Boston Consulting Group’s procurement business line, on the timely publication of his new book, Profit From The Source

Attract and retain talent with flexible working and benefits

Human Capital

Nurturing the next generation of women leaders in Africa

Leadership & Strategy

5 Mins With: Cybersecurity expert Ariel Parnes of Mitiga

Technology