Consortium proposal to cost $15b split three ways
The proposed $15 billion project would feature 27 kilometres of new track, including two tunnels, a new superhub at Sunshine station and new underground station built at the airport.
The AirRail Melbourne consortium includes superannuation fund IMF Investors, Melbourne Airport and Metro Trains and will contribute $5 billion to the plan, with the rest split equally between the Federal and Victorian Governments.
Slated for a 2027 opening, the project meant “Victoria finally gets a world-class airport rail service and so much more”, says project leader Danny Elia.
The service will deliver a “reliable” 20-minute travel time from the CBD to the airport for $20, with around-the-clock services running every 10 minutes.
“It will mean seamless world-class experience using specialised airport trains and a ticket price of under $20, meaning you won’t only save time but also money,” said Elia.
Victorian Premier Daniel Andrews said the price was right but that “you’ve got to always be conscious of value, otherwise people won’t use it”.
“We’ll work through the detailed proposal that they’ve put forward in the usual way, in a methodical way,” he said.