According to The Australian Financial Review, with both the Coalition and the Labor party pledging to spend billions of dollars on new road and rail projects around Australia as well as schools and hospitals, infrastructure and transport companies will be well-positioned whichever party wins the election.
Unlike several years ago, when the Coalition favoured road over rail projects, both parties are now firmly committed to funding more rail lines to take cars off roads and ease congestion, helping people move around more quickly.
But there is one key difference: the Coalition wants to put money into fast regional rail links with trains running at about 160 kilometres per hour, including a tunnel through the Blue Mountains from Sydney to Parkes, and create a National Faster Rail Agency.
Labor disagrees with the fast rail plan (which does not yet have cost estimates), and instead wants to set up a High Speed Rail Authority to build even faster trains that would run at speeds of up to 350 kilometres per hour from Brisbane to Melbourne via Sydney and Canberra at an estimated cost of $114 billion.
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