Carr announces $8bn railway project
"The NSW Government will spend $8 billion on a rail line under Sydney Harbour and links to new suburbs in the north-west and south-west of the city in the biggest expansion of the network since the 1930s.
As revealed in the Herald today, the new line will run from Rouse Hill to Leppington and will include new stations under Pitt Street, Castlereagh Street, at The Rocks, North Sydney and Crows Nest.
The Premier, Bob Carr, today said the Government had been working on the rail expansion for the past year.
"The Government will invest $8 billion over the next 15 years for the biggest expansion we've seen of the rail network since the 1930s," Mr Carr said.
"Fundamentally, [this is] a new rail service to the growth areas of the north-west and to the south-west, and an extra capacity for the CityRail network."
The new line will be funded through a mix of borrowings, budget funding and private-sector finance."
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