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THE economic case for the Brumby government's top transport project is in tatters, with its own figures revealing benefits barely a third of its multibillion-dollar price tag.
The WestLink freeway, a six-lane road under Footscray and through Sunshine West, was estimated to cost $3.5 billion when the state asked Canberra to fund it in October 2008.
But a confidential submission to the Rudd government reveals estimated economic benefits that would flow from building the freeway of just $1.14 billion. This included travel-time savings of $700 million and a reduction in crash costs of $11 million.
Canberra knocked back funding despite Victoria declaring last year the freeway was its ''number one priority project'' for federal funding. The Age understands a core reason was the poor economic return on building the road.
The cost of the project has since blown out to $5 billion, although Roads Minister Tim Pallas is pressing ahead with the freeway despite not having the money to build it.
Agenda Item 6 – Victorian Government Transport Plan
Matt Hammond reported on a recent meeting where several matters relevant to Kensington were raised. The plan includes a new set of rail lines from North Melbourne to Footscray to increase the capacity of the route for country trains. The tracks would be sited on the Dynon Road side of the existing lines, therefore there should be little impact on Kensington. However, the route of the proposed new Footscray-Parkville-Domain underground metro railway is potentially of concern. It appears that the route may be overground from Footscray to South Kensington, then branching into an underground tunnel portal at South Kensington, posing a similar threat to the aborted East-West road tunnel project. Depending on track alignment, it is possible that a proposal requiring the use of Holland Park as a tunnel entrance, or compulsory acquisition of some housing in South Kensington for the rail tunnel entrance could be reasonably envisaged. It was agreed that the Association would maintain a watching brief on the transport plan.