$34.5B cost for first section of Victoria’s Suburban Rail Loop

(Photo: Jarle/flickr)

The Suburban Rail Loop (SRL) will support 24,000 jobs across Victoria and cost up to $34.5 billion, according to the recently released Business and Investment Case.

The Business and Investment Case says the SRL will support 24,000 jobs across the state and connect people to around 550,000 jobs in the precincts around the station.

The SRL is expected to take 600,000 car trips off the roads and cut public transport times by an average of 40 minutes for a one-way trip.

The Business and Investment Case finds SRL East – between Cheltenham and Box Hill -and SRL North – from Box Hill to the Airport – will deliver up to $58.7 billion in economic, social, and environmental benefits to the state.

Read more at Inside Construction.