The ACT Government has welcomed a proposal for a Speedrail which would link Canberra with Sydney and Melbourne.
The private-enterprise proposal is different from the Very Fast Train which was put on hold a year ago after it did not get a Federal tax break. The Speedrail would use existing corridors.
Ms Follett said yesterday the Speedrail would have a profound impact o the ACT economy, especially if finished before the 2000 Sydney Olympics. It would help make Canberra a freight and tourist hub.