Australia allocates $230M to advance Sydney-Newcastle high-speed rail, targeting 2028 investment decision.

The Australian federal government has allocated $230 million to advance the Sydney to Newcastle high-speed rail project, putting it into detailed design and planning. A final investment decision is expected in 2028. The project, which is expected to cost between $55 billion and $90 billion and includes a potential link to Western Sydney Airport, aims to reduce travel times, boost regional economic growth, and support population growth. Business and community leaders in the Hunter region have praised the progress, citing advantages in job creation, workforce mobility, and urban renewal. The High-Speed Rail Authority expects a $250 billion economic boost over 50 years, with the next two years spent refining designs, obtaining approvals, and planning for future construction.