The Australasian Railway Association (ARA) has backed the 2014-2015 transport infrastructure budget set by the New South Wales (NSW) government.
ARA CEO Bryan Nye has supported the $9bn investment to expand infrastructure and public transport services, in order to improve transport in Sydney.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Nye said: "With congestion costing Sydney more than $5 billion each year, this giant allocation of funding for transport infrastructure, including the $1.5 billion allocation to build new rail and light rail lines, will see Sydney provided with a world-class transport network.
"Liveable cities are built for walking, with bicycling and public transit as complementary modes. This budget sets Sydney on a course to becoming one of Australia’s, if not the world’s, most liveable cities."
The government has allocated $7m for the Sydney Rapid Transit project, which connects the northern suburbs to the CBD.
Approximately $1bn was used in the construction of the North and South West Rail Links, which will operate completely automated, high capacity trains.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIn addition, the government has committed $400m to construct a light rail for Parramatta and $265m for the CBD and South East Light Rail project.
