Chief Minister John Stanhope has announced that he’s releasing the PricewaterhouseCoopers produced business case for light rail in the ACT.
Apparently the findings included:
– Light rail could potentially decrease Canberra’s traffic congestion and commuting time and as a result reduce greenhouse gas emissions and air pollution;
– The project would cost approximately $2 billion; and
– The project has a benefit-to-cost ratio of 1.62.