Community Service Announcement for Sydneysiders
After a comprehensive review of Australia’s infrastructure projects, there is one thing that is very clear. Sydneysiders must brace for significant disruption.
In an effort to support the construction sector during the mining slowdown, the state and federal governments have approved a significant pipeline of infrastructure projects. Sydney has fared particularly well in the funding allocation, with Parramatta Road due for improvement and a new Light Rail system for the CBD to boot. While disruption is a necessary part of any major construction, the patience of workers and visitors to the CBD will be strained.
For those unfamiliar with the Light Rail project, a 12 kilometre network is being built from Circular Quay to Central Station via George Street, through to Surry Hills and Randwick. Due for completion by 2018, there is a high risk of cost overruns and delays given the concentration of utility services along George Street. The most disruptive stages will be in the second half of 2016, as buses are forced into adjacent corridors.
Once complete, the service will run every four minutes in the CBD during peak hour. An attractive long-term gain. Just be prepared for the short-term pain.
Ben MacNevin is an Analyst with Montgomery Investment Management. To invest with Montgomery, find out more.
This post was contributed by a representative of Montgomery Investment Management Pty Limited (AFSL No. 354564). The principal purpose of this post is to provide factual information and not provide financial product advice. Additionally, the information provided is not intended to provide any recommendation or opinion about any financial product. Any commentary and statements of opinion however may contain general advice only that is prepared without taking into account your personal objectives, financial circumstances or needs. Because of this, before acting on any of the information provided, you should always consider its appropriateness in light of your personal objectives, financial circumstances and needs and should consider seeking independent advice from a financial advisor if necessary before making any decisions. This post specifically excludes personal advice.
INVEST WITH MONTGOMERY
