Friday 30 October 2009

Parramatta. Possible funding for West Metro

Premier, Nathan Rees, has promised that funds raised from the sale of the state's electricity assets will be spent on transport infrastructure, fuelling speculation that the Government will announce funding for the $8 billion Western Metro project before the 2011 election. One senior source said the electricity sale would raise about $6 billion - not enough to build the rail line. Another said the announcement was vague. Alternatives could include funding the $10 billion M4 East or the M5 tunnel duplication.

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