The Government have pledged $300 million to partner with Victoria for this project.
The Suburban Rail Loop is the biggest public transport project in Australian history.
It will connect suburban stations underground, circling Melbourne’s suburbs to further support the city’s expansion.
“The Suburban Rail Loop will get people where they want to go – and with a real partner in Canberra, we will be able to get on with this project even faster,” Premier Daniel Andrews said.
The Federal Labor Governments announcement it will be a 50/50 partner for the rail loop recognising the national importance of the project.
The underground loop will connect every major train line from the Frankston line through to the Werribee line. Including a connection to Melbourne Airport there will be 12 new underground stations.
“Just like the Metro Tunnel, North East Link and vital suburban road upgrades – this is real money for a real project that Victorians voted for and need,” Mr. Andrews said.
The rail loop is set to slash congestion across the transport network, taking 200,000 cars off major roads.
It is also expected to create 20,000 jobs for Victorians.
The design and planning works for the first section of the project between Cheltenham and Box Hill in Melbourne’s South East are due to begin by the end of 2022.