Recycling Capital For Transport Welcome

Published on : Tuesday, November 19, 2013

ttfThe Victorian Opposition’s plan to recycle capital to invest in transport infrastructure will deliver improvements for commuters and reduce Melbourne’s congestion, according to peak national industry group, Tourism & Transport Forum (TTF).

 

 
TTF Chief Executive Ken Morrison said the plan announced today would address critical transport infrastructure needs.

 

 
“Unlocking the value in the Port of Melbourne through a long-term lease is a tried and tested method of recycling capital which can be used to tackle congestion and ensure the future mobility of Melbourne and Victoria,” Mr Morrison said.

 

 
“Using the revenue obtained from the lease for a dedicated, independent transport investment fund would deliver transparency and accountability to Victorian taxpayers, as well as providing greater amenity and reliability for the public transport and roads systems.

 

 
“TTF has been a strong advocate for the Melbourne Metro which will provide badly needed additional capacity on Melbourne’s rail network, doubling the size of the City Loop, while adding five new stations will address existing and growing congestion around the CBD.

 

 
“We are pleased to note there is now bipartisan support for the Melbourne Metro and that the Opposition supports the project outlined in Public Transport Victoria’s rail plan.

 

 
“We urge the government to look at ways to fund the project so it can commence as soon as possible.

 

 
“Moving to ‘turn up and go’ rail services on the City Loop would encourage greater public transport patronage, which will help to further reduce road congestion in the centre of Melbourne.

 

 
“We also welcome plans to widen the Tullamarine Freeway to provide additional capacity on this vital artery.

 

 
“Congestion in Melbourne already costs more than $4.5 billion a year and that is forecast to top $6 billion by the end of the decade unless steps are taken to address the issue.

 

 
“These projects would make a significant difference to Melbourne’s mobility, helping to maintain the city’s world-leading liveability, while removing level-crossings will help to reduce road congestion as well as improving safety for both road and rail users.

 

 
“We welcome the Victorian Opposition’s contribution to the public policy debate around the best way to address the future transport needs of Melbourne and Victoria.”

 

 

Source:- TTF

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