SRL Airport is being delivered in a funding partnership between the Victorian and Australian governments, which have committed $5 billion each to Melbourne Airport Rail.
The Business and Investment Case for SRL East and SRL North shows the benefits outweigh the costs, with a Benefit Cost Ratio range of 1.1 to 1.7.
SRL East is expected to cost between $30.0 to $34.5 billion and the new line will be running by 2035. We will continue to refine cost estimates as the design of the project progresses, and we enter procurement for the main stage of works.
SRL East will be funded by contributions from the State and Commonwealth Governments and a mix of value capture opportunities.
$11.8 billion has been provided by the Victorian Government for planning and development, SRL East Initial and Early Works and Main Works.
The Commonwealth Government has also committed to an initial $2.2 billion for SRL East.