The Australian Prime Minister has claimed that private financing will allow investments necessary for "30-minute cities" where all residents can reach work within half-an-hour.
Malcolm Turnbull released a 'Smart Cities' plan to cut commute times, a document that declares that once commutes average more than 90 minutes in total a day, most people will move or change job, the so-called "Marchetti's constant" observation. An infrastructure financing unit will be established to develop innovative financing solutions, whilst $50million will be put into planning and business case development.
Investments could include heavy and light rail schemes in Melbourne, Adelaide, Brisbane and Perth, it was reported in Australia. However, the leader of the opposition said in the press that the 30-minute commute aim was "laughable" - "you would have to give everyone a helicopter in Sydney to meet that target".
TransportXtra is part of Landor LINKS
© 2020 TransportXtra | Landor LINKS Ltd | All Rights Reserved
Subscriptions, Magazines & Online Access Enquires
[Frequently Asked Questions]
Email: firstname.lastname@example.org | Tel: +44 (0) 20 7091 7959
Shop & Accounts Enquires
Email: email@example.com | Tel: +44 (0) 20 7091 7855
Advertising Sales & Recruitment Enquires
Email: firstname.lastname@example.org | Tel: +44 (0) 20 7091 7861
Events & Conference Enquires
Email: email@example.com | Tel: +44 (0) 20 7091 7865
Press Releases & Editorial Enquires
Email: firstname.lastname@example.org | Tel: +44 (0) 20 7091 7875
Website design by Brainiac Media 2020