AIRLINK 201.80 Decreased By ▼ -2.65 (-1.3%)
BOP 9.98 Decreased By ▼ -0.11 (-1.09%)
CNERGY 6.90 Decreased By ▼ -0.01 (-0.14%)
FCCL 35.37 Increased By ▲ 0.54 (1.55%)
FFL 17.15 Decreased By ▼ -0.06 (-0.35%)
FLYNG 24.19 Decreased By ▼ -0.33 (-1.35%)
HUBC 138.10 Increased By ▲ 0.70 (0.51%)
HUMNL 14.05 Increased By ▲ 0.23 (1.66%)
KEL 4.87 Decreased By ▼ -0.04 (-0.81%)
KOSM 6.69 Decreased By ▼ -0.01 (-0.15%)
MLCF 46.39 Increased By ▲ 2.08 (4.69%)
OGDC 222.69 Increased By ▲ 0.78 (0.35%)
PACE 7.09 No Change ▼ 0.00 (0%)
PAEL 43.27 Increased By ▲ 0.30 (0.7%)
PIAHCLA 17.02 Decreased By ▼ -0.06 (-0.35%)
PIBTL 8.56 Decreased By ▼ -0.03 (-0.35%)
POWER 9.08 Increased By ▲ 0.06 (0.67%)
PPL 188.99 Decreased By ▼ -1.61 (-0.84%)
PRL 43.34 Increased By ▲ 0.30 (0.7%)
PTC 25.45 Increased By ▲ 0.41 (1.64%)
SEARL 110.70 Increased By ▲ 4.29 (4.03%)
SILK 1.04 Increased By ▲ 0.02 (1.96%)
SSGC 42.60 Decreased By ▼ -0.31 (-0.72%)
SYM 18.45 Increased By ▲ 0.14 (0.76%)
TELE 9.10 Decreased By ▼ -0.04 (-0.44%)
TPLP 13.66 Increased By ▲ 0.55 (4.2%)
TRG 68.01 Decreased By ▼ -0.12 (-0.18%)
WAVESAPP 10.18 Decreased By ▼ -0.06 (-0.59%)
WTL 1.86 Decreased By ▼ -0.01 (-0.53%)
YOUW 4.06 Decreased By ▼ -0.03 (-0.73%)
BR100 12,220 Increased By 82.9 (0.68%)
BR30 37,317 Increased By 171.8 (0.46%)
KSE100 115,845 Increased By 572.7 (0.5%)
KSE30 36,476 Increased By 164.8 (0.45%)

The Australian government faced accusations Monday of trying to buy votes for the upcoming election as it unveiled plans for a 12.7 billion Australian dollar (nine billion US dollars) upgrade of run-down road and rail networks.
The major eastern cities of Sydney, Melbourne and Brisbane will be linked for the first time by four-lane highways, while new city link roads, expressways, by-passes and rail bridges are completed in a five-year program announced by Deputy Prime Minister and Transport Minister John Anderson.
The AusLink project also seeks to bring the rail network into line with the road system, with a 1.8 billion dollar investment to set up an east coast railway system capable of shouldering more of the freight burden.
"What we're outlining today, in my view, represents a commitment to very high quality infrastructure for the nation - nation-building infrastructure - that will serve us well and our children well," Anderson told reporters.
He compared the plan to the great post World War II Snowy Mountains hydro-electric scheme, which attracted thousands of overseas workers and which he said would have cost about six billion dollars in today's money.
He said a rise in freight volumes caused by rapid economic expansion was the key driver behind the blueprint for the transport network, which will be the first national land transport plan for Australia.
"Our forecasters predict that the amount of freight on our roads will double over the next 20 years," he said. "Total passenger travel is expected to rise by 40 percent. The old approach to planning and funding our roads and railways will not be able to cope."

Copyright Agence France-Presse, 2004

Comments

Comments are closed.