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Future Freight Networks : Yearbook 2013
52 FORUM 2013 Eight industry and government executives taking part in the CEO Plenary Session focused on the steps that need to be taken to improve productivity, efficiency and safety in the freight logistics industry. Session Chair Bernard Salt put forward the argument that the cost of infrastructure projects, and the costs and delays of getting them approved, is holding Australia back. He gave the example of Federation Square in Melbourne, which was estimated to cost $70 million in 1996, only to come in at $500 million by 2004. Sydney’s North West Rail Link has a budget of $8 billion for 23 kilometres of track, or $300 million per kilometre. John Fullerton, CEO of the Australian Rail Track Corporation, said it was beyond belief that the 2000-kilometre Melbourne to Brisbane rail link has only 20 per cent market share, and that it demonstrates industry and policy failings. He contrasted this with the fact that 82 per cent of east- west (Sydney to Perth) freight went by CEO PLENARY SESSION John Fullerton, Australian Rail Track Corporation Maurice James, Qube Logistics continued on page 54 1880_Future Freight 2013.indd 52 10/05/13 1:53 PM