Taking more trucks off busy roads
An extension of the Mode Shift Incentive Scheme will get more freight onto rail and more trucks off local roads.
A further $4 million has today been invested in the scheme, extending it until 30 June 2021.
This builds on the more than $20 million investment in the scheme over the past five years, which has removed the equivalent of 28,000 truck trips off Victorian roads each year.
With Victorian freight volumes set to nearly triple by 2051, it is vital that rail takes up a greater share of the growing freight movement across the state.
The scheme provides support to rail freight companies to make rail transport costs competitive with road freight and allows exporters to get their goods to port sooner.
The Mode Shift Incentive Scheme is one of many Victorian Government projects to get more freight onto rail, including the Port Rail Shuttle and new intermodal terminals planned at Truganina and Beveridge.
The Government has also approved the Port of Melbourne’s $125 million investment in building new on-dock rail at Swanson Dock East, which will reduce costs for exporters and get Victorian products to port sooner.