It looks like one of the first major projects to be “postponed” due to the floods will be the proposed cross river rail project, the subway that was to put new rail stations into the lower CBD, Woolloongabba and other key inner city locations.
When the government first flagged this in 2008 we pricked our ears up – property owners near those locations could see a major improvement in their values as the commute times around the CBD improve. Now the possible 2016 completion has been harpooned and the nasty choking point for a lot of rail traffic, the South Brisbane rail bridge, will just get more and more congested.
This isn’t great news, and hopefully the postponement is a short one. One report today said it might only be a 2 year delay. Let’s hope.