A global city needs world-class road and rail projects to keep up with population growth. This infrastructure helps increase productivity and helps keep Melbourne in the running for one of the world’s most livable cities.
In this article, we mention three infrastructure projects that will have an impact on house and apartment prices and are transforming Melbourne.
Metro Tunnel – When the Metro Tunnel is completed by 2025, more than 500,000 more passengers per week will be able to use Melbourne’s trains during peak periods.
More modern trains to run more frequently, taking passengers to 5 new underground stations:
Arden Station (North Melbourne)
Parkville Station
State Library Station
Town Hall Station
Anzac Station (St Kilda Road).
https://bigbuild.vic.gov.au/projects/metro-tunnel-project
Melbourne Airport Rail – This will take passengers from the airport to where they need to go – be that work, home or one of Victoria’s key tourism destinations – via a rail service for the first time.
Airport trains will run through the Metro Tunnel, providing passengers with a 10-minute turn-up-and-go service from Melbourne Airport and a less than 30-minute journey into the CBD. https://bigbuild.vic.gov.au/projects/melbourne-airport-rail
The North East Link will slash travel times between Melbourne’s north and south-east by up to 35 minutes.
Linking the M80 to an upgraded Eastern Freeway, it will take 15,000 trucks off local roads each day, and give local roads back to local communities.
Up to 135,000 vehicles will use North East Link each day.
The project includes:
A massive upgrade to the Eastern Freeway
Melbourne’s first dedicated busway
a new park and ride in Bulleen
more than 25km of new and upgraded walking and cycling paths.
Major construction will start from late 2021 with North East Link open to traffic in 2027.
https://bigbuild.vic.gov.au/projects/north-east-link-project
We hope this article helps you understand a few of the infrastructure projects that are underway in Melbourne.
We help to simplify one of life’s most complicated and competitive decisions.
If you need any assistance with buying, don’t hesitate to speak with one of our Property Buyer Agents on +61 8374 7652 or book a Zoom call here
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Industry Insider Property
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+61 8374 7652
+61 402 346 810
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