UDIA National provided a brief submission to the Standing Committee on Infrastructure, Transport and Cities as part of its inquiry into options for financing fast rail.
We recognise the long-term role fast rail can play in improving the productivity, connectivity and liveability of our cities and regions – and we appreciate that the Committee’s work coincides with the formation of the National Fast Rail Agency (NFRA) and allocation of funding for five faster rail business cases.
Prior inquiries by the Commonwealth have contemplated value capture as a potential source of funding. There are clear principles and policy goals we believe need to inform any consideration of value capture and we have outlined these in our submission.
To view our submission and to also revisit our submission from 2017 in relation to the Commonwealth Government’s Discussion Paper ‘Using Value Capture to help deliver Major Land Transport Infrastructure’, visit our website