Victoria: State parliament holds-up lease of port to pay for crossing elimination

1 Aug

Last year, the incoming Labor administration took control of the State Parliament with the  promise of eliminating 50 level crossings in the Greater Melbourne region within two four-year parliamentary terms, including 20 in this their first term of government.

Funding the AUD6 billion project was very-much a muted issue during the election campaign as the perceived benefits of crossing elimination was the campaign strategy with leasing the Port of Melbourne to the private sector as Labor’s answer to the source of funding.

Now, legislation that will allow Victoria to lease the Port of Melbourne is being held up in the State Parliament. How long before this impacts on the crossing elimination programme is a question that needs to be answered as does the value to be unlocked through leasing-out the Port of Melbourne.

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