The rail industry confirmed the significant contribution it makes to the state of Victoria at an event at Parliament House this week, highlighting the importance of continued investment in the rail network.
The Australasian Railway Association (ARA) brought together rail industry leaders to discuss the role rail will play to support Victoria’s growth with state parliamentarians.
ARA Chief Executive Officer Caroline Wilkie said rail would be key to supporting Victoria’s economic and social development in the years to come.
“Rail generates $6.8 billion for the Victorian economy each year and creates more than 30,000 jobs across the state,” Ms Wilkie said.
“With the Metro Tunnel set for completion and the Suburban Rail Loop and Melbourne Airport Rail Link progressing, Victoria’s investment in rail will help unlock new housing, enable economic growth, improve accessibility and reduce emissions.
“These projects will transform the city and ensure Melbourne is ready to support its growing population for years to come.”
Ms Wilkie said that as the construction of new projects neared completion, it was important the state maintained a clear and certain pipeline that included a focus on maintenance and upgrades.
“As the peak of rail construction comes to an end, it is essential that governments provide a certain pipeline to ensure industry can continue to retain and invest in their workforce,” Ms Wilkie said.
“Maintenance and upgrades should form part of the pipeline to ensure the rail network continues to be as productive as possible over time.”
The ARA also reiterated its support for the recently released Victorian Freight Plan.
Ms Wilkie said she looked forward to continuing to engage with government as the dedicated rail plan supporting it is developed.
“Moving more freight on rail is critical to the productivity and efficiency of the state’s freight and supply chain,” Ms Wilkie said.
“Achieving greater use of rail will require clear targets as well as incentives and policy levers to support their achievement.”
ENDS