Federal Government and Rail Project State Government

business case: Key points:Federal Government to assess project on its merits once business case submitted Victoria has earmarked $4.5 billion for rail project State Government plans to begin construction by 2018 The Government has released a revised business case for the project, which involves twin 9-kilometre tunnels connecting South Kensington and South Yarra and five new underground stations, according to Australian Broadcasting Corporation. A cost-benefit analysis showed the project would generate a return of $1.10 for every dollar invested, or $1.50 if wider economic benefits were included. Related Story: Federal Opposition promises to chip in for Melbourne Metro Rail Project Related Story: 'Zombie' East West Link project revival ruled out by Victorian Government Map: Melbourne 3000 The Victorian Government is pleading for $4.5 billion in Federal Government funding for the Melbourne Metro Rail, to match its contribution to the country biggest public transport project. Premier Daniel Andrews said he was confident Prime Minister Malcolm Turnbull would agree to chip in, as a fan of public transport. "We hope that the PT PM, as he'd like to be known I'm sure, can be a partner in the delivery of this fantastic project," he said. The Government previously proposed seeking a third of the funding from Canberra. The State Government would seek the remaining $1.9 billion from the private sector, to deliver a "turn up and go" rail network similar to London, Paris, New York and Singapore, Mr Andrews said. (news.financializer.com). As reported in the news.