Queensland Government announced a AUD 733 million (USD 558 million) investment for Brisbane Cross River Rail project, under the 2018/19 state budget. This investment will support important early works, the business case for Brisbane Live, finalisation of station precinct designs, demolition works at Woolloongabba and the procurement of contractors for our two largest contracts.
In the previously budget, the authorities approved a AUD 2.8 billion (USD 2 billion) financing for the project. Last year, the government committed to fully fund the Cross River Rail project, which has a total value of AUD 5.4 billion (USD 4.11 billion).
“Cross River Rail is a once-in-a-generation project that will change Brisbane and South-East Queensland forever, enabling a turn-up-and-go public transport system and easing pressure on our road network,” Deputy Premier Jackie Trad said.
In February, the shortlisted companies were announced, with three tunnel, stations and development PPP consortia and two consortia for rail, integration and systems contract.
Cross River Rail is a 10.2 km rail line between Dutton Park and Bowen Hills which includes 5.9 km of tunnel under the Brisbane River and the CBD. The project also includes four new underground stations as well as station upgrades for two existing stations at Dutton Park and Exhibition station.
Cross River Rail will be operational by 2024.