VIDEO: Public Transport, Malcolm Turnbull (May 2007)
Monday: Light rail to Olympic Park could pay for itself
A new light rail line from Parramatta to Sydney Olympic Park could be paid for by raising $2.9bn in voluntary developer levies along the “Olympic Corridor”. The proposal has been raised by the WestLine Partnership, an alliance of business and local government groups representing interests between Parramatta and Sydney Olympic Park. Both the NSW Government and Opposition have committed to building at least one of four short listed light rail lines from Parramatta if they are elected to office. Though a line from Parramatta to Macquarie Park was initially seen as the most likely, a line from Parramatta to Olympic Park is now firming up as the favourite. It was mentioned specifically by Opposition Leader Luke Foley, and has also received the backing of Western Sydney Business Chamber Director David Borger.
Monday: Light rail gets planning approval
Planning approval has been given to modifications proposed to the CBD and South East Light Rail Line. Changes include the removal of one stop along George St in the CBD and the relocation of the light rail line to the Northern side of Alison Road, opposite the Randwick Racecourse. The Transport Minister Gladys Berejiklian said “The green light from planning means we can roll out longer light rail vehicles with more seats for customers and 50 per cent more capacity, allowing us to move up to 13,500 passengers every hour”. Construction will begin later this year, and is expected to be completed in 2018, with the line opening in early 2019.
Thursday: Nile adds conditions to asset sale
The Christian Democratic Party’s leader Fred Nile has added conditions to supporting the 99 year lease of the state’s electricity distribution assets. Mr Nile has demanded that workers rights be protected, seeking that “There would be no sackings for five years [and] their existing conditions and superannuation arrangements must be guaranteed”. The Coalition, which is seeking to lease the assets in order to go ahead with its $20bn infrastructure plans, is not expected to gain an absolute majority in the NSW Upper House and will likely need the support of the CDP in order to do so.
Saturday: WestConnex gets approval from Infrastructure Australia
Infrastructure Australia has given WestConnex, the proposed 33km surface and tunnel freeway connecting the M4 and M5 freeways in Sydney’s West via Sydney’s Inner West, the green light. IA found that WestConnex would provide $1.80 in benefits for every $1.00 spent, although this is less than the $2.55 that the NSW Government claimed it would provide in a 2013 report.
However, the report is based on the assumption that no additional car trips will occur as a result of the road’s construction. These “induced” trips were partly responsible for Melbourne’s East West Link receiving a benefit cost ratio of 0.45, compared to WestConnex’s 1.8. The report also does not take as conservative an approach to potential cost blowouts as IA normally takes, potentially understating the cost and thus overstating the benefit cost ratio.
Despite this, IA believes that the benefit cost ratio would still be above 1 (indicating benefits outweigh the costs), even if these two anomolies were taken into account.