A PPP partnership unveiled for Melbourne Airport Rail Link

Posted on in Members' News

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AUSTRALIA: An Australian pension fund consortium has announced a detailed plan for Melbourne’s long-awaited airport rail link, promising the fastest travel times, a premium around-the-clock service and enhanced access for regional Victorians.

AirRail Melbourne, comprising IFM Investors, Melbourne Airport, Metro Trains Australia and Southern Cross Station, have unveiled its blueprint for the development of the rail link with the Victorian and Australian Governments.
Under the $15 billion plan, AirRail Melbourne is proposing to match the $5 billion funding announced by both the Victorian and Commonwealth Governments to build a world-class link that unlocks additional rail capacity and creates thousands of new jobs.
 
"As Melbourne marches toward becoming Australia’s largest city our infrastructure needs to keep pace. Key to this is the development of the airport and all its elements to cope with a near doubling of passengers over the next 20 years. As we expand our runways and terminal facilities we also need world-class linkages between the airport and the city. Our vision is for a seamless passenger experience at the airport, properly integrated between the train carriage and the terminal, Melbourne Airport chief executive officer Lyell Strambi said.”

The airport rail link would offer 20 minute travel time to the city, with trains running 24/7 with 10 minute intervals during peak periods. One way ticket is estimated to cost less than $20 in today's prices.

If the plan is approved, the construction could start in late 2020.