Fast Rail to Geelong
Preferred bidder announced
Greenfield (construction) or brownfield (government asset divestment) projects needed or likely to occur within the next five years, but is not formally proposed by a state, territory or major local government.
The project or divestment is supported by a state, territory or major local government, is subject to studies or other processes (such as pre-feasibility or scoping studies or business case development), and is likely to proceed to formal announcement.
The project has a firm commitment and timeline from a state, territory or major local government, but has not yet entered the market.
The project or transaction is under procurement (such as a call for Expressions of Interest, requests for tender, or another offer to the market).
Preferred bidder announced
A preferred bidder has been selected and is in exclusive negotiations.
Projects that have progressed to contractual close remain on ANZIP for 12 months.
ANZIP is focused only on major infrastructure activity, above the following thresholds:
Construction projects: > AUD$300m
Investable greenfield & brownfield: > AUD$100m
All greenfield and brownfield projects and divestments: > NZD $100 million
Geelong to Melbourne Fast Rail project forms part of Federal Government's National Faster Rail Plan. While the project is jointly funded by Federal and Victorian Governments, the project delivery will be undertaken by Victorian Government under the Western Rail Plan, and overseen by Rail Projects Victoria.
Passenger rail services between Geelong and Southern Cross Station take approximately one hour at an average speed of between 70 and 80 kilometres per hour. A report by the Victorian Auditor-General shows that during
peak hour, the current rail service is often over capacity.
A faster rail service averaging up to 160 kilometres per hour from Melbourne to Geelong would reduce
travel times from approximately one hour to just over half an hour. Investigations, including business case development, is undertaken through the Western Rail Plan.
March 2019: Announcing Faster Rail Plan, Federal Government committed $2 billion to the project
Federal Government: In 2019, Federal Government announced it will deliver $2 billion in funding for Fast Rail to Geelong. This funding is expected to be matched by Victorian Government. In the 2020-21 Budget, allocations were made over the forward estimates for the project, although exact values were unclear. $30 million in funding was allocated to Western Rail Plan on 2020-21 Budget.
Victorian Government: The 2019-20 Victorian Budget provided an additional $100 million to complete planning and design works to deliver full separation of regional and metro services on the Geelong and Ballarat lines, as committed during the 2018 State election campaign. This is on top of the $50 million allocated in the 2018-19 Budget for faster rail to Geelong.
Oct 2020: In 2020-21 Federal Budget, the Western Rail Plan was allocated $30 million in funding.
May 2019: Victorian Budget for 2019-20 allocated $100 million in funding for Western Rail Plan for detailed planning and design work to progress.
Mar 2019: Federal government announced that it will provide $2 billion in funding for Fast Rail to Geelong.
Oct 2018: Victorian Government announced the Western Rail Plan. $50 million was allocated in the 2018-19 State Budget for planning.
Last reviewed: 03/11/2020