Multi-billion dollar train fleet for Sydney

The-right-policy-direction-is-necessary-to-alleviate-housing-prices-in-Sydney-says-the-HIA_157_65918_0_14099646_300A new fleet of trains will make Sydney an even more attractive place to live, potentially leading to continued strong capital growth for investment real estate owners and homeowners alike.

Minister for Transport Gladys Berejiklian announced that the New South Wales government would procure trains this month in a May 8 statement.

Train travel is a popular option among Sydney residents and this latest infrastructure boost is sure to please property owners in suburbs located near transport links. Living out of the immediate CBD is becoming more and more feasible for Sydneysiders, thanks to ongoing commitments to improve residents’ commuting options.

The latest announcement will make it easier to get out of the city for weekend breaks as well.

New fleet from 2019

This first train of this newly-announced fleet will be on the tracks by 2019, with all trains rolled out by 2024, according to Ms Berejiklian.

The NSW government is investing $2.8 billion in the project, noting that passengers will have better seating and luggage storage options.

All state train carriages will also be air conditioned, too.

A total of 65 new trains will be purchased and used across various lines. These include Sydney to the Central Coast as well as Blue Mountains, Newcastle, and Illawarra.

“These new trains will provide unprecedented levels of comfort and convenience for customers, and we will now begin industry briefings and community engagement to achieve the best outcome from the new fleet,” Ms Berejiklian explained.

Meanwhile, there are other benefits for train travellers in the NSW capital. On May 5, Ms Berejiklian announced that a much-needed upgrade to Wynyard Station will take place.

Over the next few months, an approval process will be underway. A wider ticket gate area and concourse will make train travel easier for residents, while new retail outlets, lighting, signage and paint will make the station one of the best.

Owners of property near Wynyard Station could see their house prices increase in value over the years.

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