Local and international market interest to deliver Geelong Fast Rail
An industry search to help deliver faster services for Geelong has already drawn a significant pool of interested businesses and specialist suppliers stretching from Melbourne to Madrid.
Since February, more than 70 international, national and local organisations had flagged interest in building or financing stage one of Geelong Fast Rail.
The strong response comes as part of an ongoing registrations of interest process for the project, which will cut travel times between Geelong and Melbourne to around 50 minutes.
Registered organisations include those in the fields of construction, engineering and rail systems, while other specialties include architecture and finance.
They include locally based operations in Geelong and Melbourne, with others based interstate or internationally in countries such as Spain, Singapore and South Korea.
Delivering faster and more frequent rail services, this critical infrastructure project will involve significant upgrades to part of the Geelong corridor over a number of years.
More than 2,800 jobs are expected to be supported through the first stage of Geelong Fast Rail.
An extensive site investigations program is expected to start later this year to better understand existing ground conditions along the rail corridor.
Construction on the first stage of Geelong Fast Rail is expected to commence in 2023 subject to relevant federal and state planning, environmental and government approvals. A total of $4 billion has been allocated towards the project, comprising $2 billion each from the Victorian and Commonwealth governments.
The first stage of Geelong Fast Rail supports faster services and complements a series of other investments along the Geelong line to increase the capacity, reliability and frequency of services. These include the Waurn Ponds Station upgrade, Waurn Ponds stabling facility and South Geelong to Waurn Ponds Duplication.
More information on the first stage of Geelong Fast Rail is available at the Rail Projects Victoria website.