The Australian Government has released the key selection criteria for its $10 billion National Rail Program (NRP).
The NRP, announced the in May 2017 budget, is aimed at improving passenger rail connections around Australia by delivering funding for planning and construction over the next 10 years.
“By investing in transformational rail projects, travel times for commuters will be cut, and families and businesses will have affordable options to live and invest,” Federal Minister for Urban Infrastructure Paul Fletcher said in a statement.
“Projects under the NRP will need to address identified deficiencies, deliver economic benefits and consider innovative funding and financing solutions.
“Funding decisions will be informed by state and territory transport plans with projects seeking over $100 million in Commonwealth funding needing a positive assessment from Infrastructure Australia.”
The criteria can be viewed here.