The Federal Member for Parkes Mark Coulton, who has long championed the Inland Rail project, has welcomed a new report which shows the wide-ranging regional benefits that the rail track will provide.
Mr Coulton said the in-depth study by EY (formerly Ernst & Young) shows the boost to Gross Regional Product over the next 50 years could be up to $13.3 billion.
“This report shows just how much regional communities across New South Wales, Victoria and Queensland will benefit off the back of Inland Rail’s construction,” Mr Coulton said.
“It also addresses the potential for complementary industry investment alongside the rail line to generate billions in added value.
“I’m working hard alongside communities in my electorate – including local councils along the rail line – to ensure that we can all reap the extensive rewards of the project.
“This is further proof of Inland Rail’s long-term contribution to the growth of our regions, with enormous payback for the Parkes electorate now and into the future.”
Mr Coulton said Inland Rail will draw industry to regional Australia, including to his electorate, where the enhanced freight rail network will connect companies and consumers both domestically and internationally.
“Ag and mining industries in the Northern NSW region have experienced strong growth in recent years, and the report shows the exciting potential for these areas to grow exponentially, thanks to the opportunities provided by Inland Rail,” he said.
“Expansion of our regional supply chains is likely to be one of the enduring legacies of Inland Rail.
“I’d encourage those interested to view the full EY Inland Rail Regional Opportunities report online at www.InlandRail.gov.au.”
Photo Caption: Member for Parkes Mark Coulton is pictured with Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack, celebrating the completion of construction on the first section of new track (Inland Rail North-West Connection) in Parkes last year.