A high-speed rail line between Melbourne and Brisbane would cost more than the federal government’s last official estimate of $114 billion, High Speed Rail Authority interim chief executive Andrew Hyles says.
“We haven’t sat down and calculated what it would cost now,” he told The Australian Financial Review Infrastructure Summit. “Realistically, today it would be higher” than the 2013 estimate, Mr Hyles added.
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Aaron Patrick is the senior correspondent. He writes about politics and business from the Sydney newsroom. Email Aaron at apatrick@afr.com
