A fast train network connecting greater Sydney, Wollongong and Newcastle as a “mega region” could create more than 10,000 new jobs, according to a new report.
A planning lobby group, the Committee for Sydney, said such a rail network could slash the commutes from Gosford to Sydney, and from Wollongong to Liverpool, by half.
The report said even a moderately fast rail network, which reaches speeds of 200 kilometres per hour, could connect Newcastle, the Central Coast and Wollongong with western Sydney in less than one hour.
Building new housing along such rail corridors could take the pressure off the Sydney housing market, the report said.
The Committee for Sydney has spent a year investigating the potential of improving links between Sydney, the Central Coast, Newcastle and Wollongong in what it is describing as a “mega-region”.
It estimates that if an extra 40,000 homes were built along the new rail corridors, that could deliver more than $75 billion of housing affordability improvements.
It also said such a rail network could create 4,725 new jobs for Wollongong, 3,875 for Gosford and 3,225 for Newcastle.
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