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Mr Milk said..
High speed rail makes no economic sense in Australia. Putting money into developing clean ways to power jets does.
A hyperloop might be cheap enough to work, but it comes up against the same land acquisition expense as HSR would, which I think is a big fraction of the cost.
I'd vote for distributed energy storage facilities, pumped hydro, compressed air, hydrogen, even batteries, and the electricity network upgrade to support them. It's mildly amusing that Slomo is wanting to push the 2nd Bass Strait DC interconnector. It is reported that it only makes sense if coal plants close down, and the Libs hate that prospect. Is he trying to grab Labor and Greens votes?
Yeah, I tend to agree about the high speed rail thing. Planes are cheap and are already there and can vary based on demand.
But I wonder if there are other hidden benefits of such a thing? Could you stimulate housing in otherwise not so good areas because you linked it to another capital with high speed rail?
If there were a high speed link from a single point to an existing capital, would you move there if it only took 30mins to get to the capital 100kms away?
What are the jobs though that will bring the most benefit to the economy in keeping the maximum number of people employed versus the best economic outcome? Sure, it is nice to save money, but right now are we after ways to get people happy and spending or something else?
What is out there that provides more jobs and does it quickly?
I don't like it when big jobs are created and only one supplier can really compete for it, and then there are jobs but they are all in one place. Is this better than lots of smaller jobs? I don't know.