May 16, 2018

Treasurer leaves $150m rail funds on the table

Treasurer leaves $150m rail funds on the table

Federal Treasurer Scott Morrison says $150 million earmarked for the Townsville Eastern Access Rail Corridor (TEARC) will be invested in another local project if that one does not stack up.

The State Government recently put TEARC on the backburner after Building Queensland completed a Detailed Business Case finding that current demand did not support construction of the line at this time.

Visiting Townsville this week, Mr Morrison said the Federal Government would also look into TEARC’s viability.

Treasurer Scott Morrison.

“We think you should be making investments where they make the biggest impact,” he said.

“If the TEARC project doesn’t stack up, we’ll invest that $150 million elsewhere in Townsville. That’s what I am saying very clearly. That money will stay in Townsville. If TEARC is not the best project to invest it in, then the money will go to other important projects which create jobs here in Townsville.”

TEARC is a proposed 8.3km rail freight line which would connect the North Coast line at Cluden directly to the port.

The proposed TEARC route would stretch from Cluden on the North Coast Line, through the Townsville State Development Area for about 3.5km, before joining the existing Eastern Access Corridor and running northward parallel to the Southern Port Road to the port.

 

Townsville rail corridor funding row

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