FEDERAL Minister for Urban Infrastructure Paul Fletcher and Queensland Deputy Premier Jackie Trad last week signed a Memorandum of Understanding (MoU) for the Australian Government's $10 million contribution to planning, readiness for market and establishment of the Cross River Rail Delivery Authority.
Mr Fletcher described the MoU as an important milestone in developing a public transport solution that will deliver genuine, city-shaping benefits for the people of Brisbane.
"The Australian Government's contribution will assist the Queensland Government to develop options to strengthen the connection between the Cross River Rail Project and Brisbane's existing transport network," Mr Fletcher said.
"It will also assess the integration of Cross River Rail and mass transit systems such as the Brisbane City Council's proposed Brisbane Metro Subway System, which is currently in the early stages of business case development."
Planning and procurement for the revised Cross River Rail project began in early 2015 and the business case is currently being assessed by Infrastructure Australia.
The Australian Government will partner with Queensland through participation on the Cross River Rail Delivery Authority Board.
The MoU sets out the agreed roles and responsibilities of both governments, as well as the governance arrangements in relation to the $10 million contribution. A work plan and milestones will be developed to guide outcomes for payment of the $10 million.
The Cross River Rail Delivery Authority was officially established through the Queensland Parliament yesterday as an independent statutory body to lead the development, procurement and delivery of the project and drive urban renewal within the development corridor. The Authority will be fully operational in March 2017.
The Cross River Rail project consists of a 10.2-kilometre link from Dutton Park to Bowen Hills, with 5.9 kilometres of tunnel under the Brisbane River and CBD. The project will connect to both northern and southern rail networks, and include stations at Boggo Road, Woolloongabba, Albert Street, Roma Street and Exhibition showgrounds.