Article: Metro rail for city key to $67b transport plan

[ozbob]

From Courier Mail click here!


Metro rail for city key to $67b transport plan

Metro rail for city key to $67b transport plan
Article from: The Courier-Mail

By Alison Sandy

September 03, 2008 12:00am

A CBD metro rail system has been foreshadowed as a key plank of Brisbane City Council's $67 billion Transport Plan.

The plan, which was adopted at yesterday's meeting, aims to increase consumer usage of public transport from 8 per cent to 13 per cent by 2026.

A significant increase in rail capacity would make "full use of rail corridors to move 30,000-plus passengers per hour", the plan said.

"Federal and state funding will be required to introduce a metro system, segregate busways and upgrade rail networks."

A feasibility study into a metro system is being undertaken by the State Government and Lord Mayor Campbell Newman confirmed most of the plan relied on investment from other sources.

"The cost of congestion is $3 billion per annum," he said.

"This plan that talks about $67 billion is talking about both public and private investment."

Of that ratepayers are expected to be slugged $10.5 billion over the next 18 years.

Other initiatives required to meet the 2026 target include the provision of 21 extra CityCats and about 2000 new buses.

[ozbob]

Bump!   

[ozbob]

What happened?   

[#Metro]

Obviously, the private financiers, Tooth Fairy Global Investments LLC, Bulldust International Private Bank and Santa Claus Capital Partners did not sign on.

[ozbob]

There is a long history of ' romancing the stone '  will this years grand announcements be any different?   

[ozbob]

There is a discussion thread on ' Brisbane metro ' here > http://railbotforum.org/mbs/index.php?topic=10002.0