THE Victorian election result is good news for the railway industry, given the Labor government’s strong commitment to rail and light rail and to providing a pipeline of work for the rail manufacturing sector.
Some commentators have described the result as a vote for continued and increased spending on infrastructure, which has certainly been the hallmark of Daniel Andrews’ government.
Whatever the reason for the result, Labor’s spending is to be applauded and, after decades of neglect, the state’s rail and tram system has badly needed attention.
However, the huge pricetag for Labor’s promised infrastructure spending raises the obvious question: Where is all the money to come from?
Some will come from borrowing at the favourable interest rates now prevailing. Hopefully it will not mean increases in state taxes and charges.
With another four-year term ahead of Labor, the future for the rail industry in Victoria looks rosy
– TONY DUBOUDIN
Some commentators have described the result as a vote for continued and increased spending on infrastructure, which has certainly been the hallmark of Daniel Andrews’ government.
Whatever the reason for the result, Labor’s spending is to be applauded and, after decades of neglect, the state’s rail and tram system has badly needed attention.
However, the huge pricetag for Labor’s promised infrastructure spending raises the obvious question: Where is all the money to come from?
Some will come from borrowing at the favourable interest rates now prevailing. Hopefully it will not mean increases in state taxes and charges.
With another four-year term ahead of Labor, the future for the rail industry in Victoria looks rosy
– TONY DUBOUDIN