Following the recent 2016 Brisbane Council Election, it seems it is all systems go for the new $1.54 billion Brisbane Metro rail after LORD Mayor Quirk was re-elected – great news for the city, the people of Brisbane and its investors alike.

 After Lord Mayor Graham Quirk was returned to City Hall with a historic majority in the recent election poll, it became fast apparent that Brisbane was well and truly on track for the construction of the $1.54 billion Brisbane Metro rail.

 Cr Quirk said he was confident the project would proceed.

 “We don’t just make announcements and leave them to gather dust on the shelf,” he said.

“We’re doers. We go out and build.”

 Expected to start in two years, the rapid transit project is billed as a congestion-busting “high-frequency, high-capacity mass transit system” that will link Herston and Woolloongabba to the CBD using the Inner Northern and South East busways - touted as the solution to the bus bottleneck at the Cultural Centre station.

 What does this mean for local CBD property owners and tenants?

 The new Brisbane Metro rail project should be capable of carrying up to 30,000 passengers an hour, guaranteeing quicker travel times and freeing up 200 buses to be redirected to the suburbs.

 It will also be able to cut travel times sufficiently, in some cases reducing trips by more than 50 per cent. For example, times from Woolloongabba to CBD are expected to go from 12-20 minutes down to just 6.5 minutes and a trip from Herston to CBD will be cut from 9 minutes down to 5.5 minutes.

 Providing faster, more efficient means of travel is great news for city dwellers and investors, as it means getting from A to B will be much easier. Whether it be going to and from work each day or travelling to a sporting event on the weekends, the rail project is a great result all round. Once again, just adding another tick in the box for Brisbane, and the investors who have property in the CBD.

 Local city owners and investors can expect the following changes due to the new Metro rail:

•  Upgrades to the existing RCH station
•  Upgrades to existing Kelvin Grove station
•  Upgrades to the existing Normanby busway station
•  Upgrades to the existing Roma St busway station
•  Upgrades to the existing KGS busway station
•  North Quay closed for through traffic
•  New underground light metro Cultural Centre station with portal to Victoria Bridge
•  New portal Adelaide St with new tunnel to connect to existing Albert St busway tunnel
•  Convert Victoria bridge into a ‘green bridge’
•  New GABBA terminus 

While this is exciting news for Brisbane property owners and investors, the project was just one of several city infrastructural upgrades that came from Cr Quirk’s victory. According to reports, his recent re-appointment also means the $650 million upgrade of Kingsford Smith Drive will proceed, as will construction on a river-based fountain east of Victoria Bridge.

 Why not come down and speak to us about the numerous new-found investment opportunities that will stem from the city’s new $1.54 billion Brisbane Metro rail? Call the team on 07 3254 0888 to set up an appointment.