The true test of the cost-benefit merit of a rail infrastructure project is does the private sector wish to bid to win a BOOT project with say 30 years Concession Deed where the winning equity bidder shoulders construction risk and expects to make an operating profit.

Concession Deed means a legal document that notes the operating term as well as duties, rights and obligations of the winning Operator in respect of the construction, operation and maintenance of a particular piece of infrastructure as part of the authorised project entered into by a State or Territory, and the Operator consortium.

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