Value capture will be a minute amount because they don't want land tax (or any tax) to fall on residential homes/land. Votes from the property class are highly valued in Australia.
An observation: look at the last paragraph of Albo's statement.
"... actually invest in cities to confront worsening traffic congestion, which IA has predicted will cost $53 billion by 2031, unless action is taken now."There are a number of problems with this statement.
1. It positions public transport as an anti-congestion device. It is not. Cities with the best PT also have horrendous traffic congestion regardless. PT simply allows more people into the city to work than otherwise would be possible with only congested roads.
2. The statement talks about congestion within cities,
but HSR is not designed to make transport within cities better. Most cities would have just one or two HSR stops at best. A national HSR is designed to transport people
between cities and towns. It will
thus have absolutely no impact on the traffic or congestion levels within a city, just like passengers on flights between Melbourne and Sydney do not affect the overall levels of congestion within Melbourne or Sydney.
If one wants to provide an alternative to traffic congestion within cities, then investing in current networks or upgrading them, for example, to Regional Rapid Rail would actually address the problem.
This logic doesn't follow: Bad traffic in city ---> National HSR.
The ordinary worker has around 30 minutes or so budgeted to get to work in the morning and afternoon. This places an approximately 200 km circle around a city where RRR would be feasible.
