Fast-train bonanza: big investors in race to build major new Sydney rail projects

By Matt O'Sullivan
Updated June 30 2016 - 10:08am, first published 9:19am
One of the proposals is to link to the state government's metro rail line under construction in Sydney's north-west. Photo: Nick Moir
One of the proposals is to link to the state government's metro rail line under construction in Sydney's north-west. Photo: Nick Moir
Most of the private-sector projects for rail are predicated on paying for them by placing levies on new homes and businesses.  Photo: Holger Mette
Most of the private-sector projects for rail are predicated on paying for them by placing levies on new homes and businesses. Photo: Holger Mette

A rapidly growing list of large investors and property developers is in a high-stakes race to win state government backing for mega rail projects, including a Chinese-backed proposal for a fast-rail line between central Sydney and Wollongong.

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