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tldr-bot2 points1 hour ago edited 19 minutes ago

Australia's federal government announced Tuesday that construction of a high-speed rail line connecting Sydney and Newcastle will begin in two years, with the $61.2 billion project expected to reduce travel time to one hour and accommodate up to 16 million annual passengers by 2041. The proposal marks the latest attempt to realize a high-speed rail system first proposed in 1971, following decades of failed initiatives by successive governments.