Graham Currie, Prof of Public Transport at Monash University and an SRL sort-of-supporter, sensibly wants more city centres in Melbourne ("polycentricity"). But the SRL is "rather expensive" – he expects more than $125bn, cf original $50bn max.
His slides are WOW ...
2/12
Melbourne's #SuburbanLoop is a huge loop because Melbourne is a huge, spread-out city (that's the SRL up in the right-hand corner). End result: the SRL travels through relatively very low-density territory.
3/12
And so because Melbourne's #SuburbanLoop travels through very low-density territory, estimated daily ridership per kilometre is lower than for other cities. (SRL is in the lower left here.) "Kilometres means cost", Currie notes.
4/12
Distances between stations on Melbourne's #SuburbanLoop are way higher than for other cities. The SRL hopes to make up for that with higher speeds, though Currie thinks speeds will be lower than shown here. (SRL upper RH again.)
5/12
Melbourne's #SuburbanLoop "will be the furthest out loop in the world". (It's upper right in this slide too.)
Remember, these slides come from an SRL *supporter*.
This is powerful evidence that, as Currie says, "the project is different". It's a $100bn+ transport experiment.
6/12
Second presenter at the ITE meeting, Sydney Uni's Prof John Stanley, is less sympathetic to the SRL: focusing on transport misses 75% of the task of creating polycentric cities. Clusters need good catchments, and investments in their competitive strengths.
7/12
Plan Melbourne's clusters and "20-minute neighbourhoods" are popular, but need cluster development, local public transport (mostly high-frequency buses) and supportive (high) densities – around 25 dwellings per hectare.
But there's an elephant in the tunnel, and it's ...
8/12
... debt. Stanley quotes S&P (if you find them credible) saying Vic's fiscal position is worst it has seen, including in 1980s.
Stanley's verdict: Do SRL only when you can push densities up to the right levels. Develop the clusters; don't spend huge sums linking them weakly.
9/12
3rd speaker, RMIT's Prof Michael Buxton, makes more points:
- There's no real evidence that activity centres need to be linked up.
- Govt studies say SRL would change net Melbourne car travel by just 0.83 %.
- Govt says this will help deal with 8m population. Nope.
10/12
The Institute of Transport Engineers audience was pretty unconvinced about the case for this $100bn+ SRL experiment, once these points were made.
11/12
Full Institute of Transport Engineers meeting audio here (with some interruptions, but gives you the gist). It includes interesting responses to questions:
12/12
Thread: The bulk of government action over the next few months should be directed to keeping afloat the many businesses with #coronavirus-related short-term cashflow problems.
The correct lever to pull here is not "#stimulus" (i.e. sending consumers checks) but "#lending".
1/8
Governments are rightly trying to "flatten the (infection) curve".
The more they succeed in this, the more businesses are headed for trouble. Some businesses just can't be run on ecommerce & work-from-home e.g. airlines, sports teams, restaurants, shows, most manufacturing.
2/8
Governments will need to spend most economic policy efforts supporting businesses that are short-term insolvent (fewer customers, fewer employees) but medium-term viable.
The best vehicle for that is probably bank guarantees - ie what Obama did for GM, but on bigger scale.
3/8