History of HSR in Australia 8th Sept 1984 It is reported - TopicsExpress

History of HSR in Australia 8th Sept 1984 It is reported that the Bureau of Transport Economics finds the scheme proposed by Dr Paul Wild to be uneconomic. The Bureau finds that Dr Wilds cost estimate of $2500 million to build the system to be $1500 million too low, and as a consequence, passenger fares would need to be set at a rate that would not be commercially viable. The Minister for Transport, Mr Morris rejects Dr Wilds proposal. Supertrain likely to be fiscal disaster, study concludes, Age, 8 September 1984. House of Representatives: Hansard. 12 September 1994, p. 1119.

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