Late last week the Queensland Government announced plans to establish an authority to deliver the Cross River Rail project in Brisbane.
Touted as being the most critical infrastructure project within Queensland, the proposal will encompass 10.2 kilometres of link track, including 5.9 kilometres of tunnel, connecting Dutton Park in the south to Bowen Hills in the North. Five new stations have been identified at Boggo Road, Woolloongabba, Albert Street, Roma Street and Exhibition at the Brisbane Showgrounds.
The Queensland Government has stated that the creation of a Cross River Rail authority, responsible for the development, procurement and delivery of the project, will remove the politics from the equation. Involvement from all three levels of government, along with private capital is vital to ensuring the delivery of the second river rail crossing to accommodate future population growth within the region.
The project is set to support regional redevelopment in areas such as Flagstone, Yarrabilba, Coomera and Springfield, as well as trigger urban development in Dutton Park, Woolloongabba, Brisbane CBD and Roma Street.
Our view at Planvista is that the second river rail crossing is critical for easing congestion and improving accessibility into the Brisbane CBD. It will also ease demand on Central station, and provide access to key landmarks and destinations such as 1 William Street, Queen Street Mall, the Botanic Gardens, QUT, UQ, Princess Alexandra Hospital and the new $3 billion Queen’s Wharf Development.
The initial timeline for the project is as follows:
- Business Case, mid 2016
- Procurement, mid 2016 to late 2017
- Construction, early 2018 to 2023
- Operations, 2023
We’d welcome the opportunity to hear what you have to say about this ‘new’ Cross River Rail project or to discuss investment within the area. Please don’t hesitate to call our office on 07 3188 9320, email [email protected] or complete our online form at www.planvista.com.au