Australia's new car sales have slumped and one of the world's biggest car manufacturers, General Motors, is in financial chaos.
Population growth is slowing, private car use is at 30-year lows, cheap oil is gone, Brisbane's outer suburbs have become so dependent on cars, the spike in fuel prices and interest rates has had a catastrophic impact on family finances, a Griffith University study says.
But governments are throwing billions of dollars at the roads of southeast Queensland and Brisbane City Council estimates the city's roads will need another $34 billion by 2026.
... There are also serious doubts about the traffic forecasts used to back up Brisbane's high-profile tunnel projects.
... Transport planning researcher at Griffith University Matt Burke asked: "Why would anyone pay to use the tunnels in off-peak periods when they would only save a few minutes?"
Underground coal gasification hopeful Linc Energy has seen the writing on the wall in Queensland and will transfer plans for its $1 billion gas-to-liquids plant to South Australia.
Courier-Mail - Tunnel's Viability Questioned
Courier-Mail - Linc Energy Quits Queensland
Thanks BrisVegas, interesting links.
Linc's migration to SA to flee the coal seam gas juggernaut is certainly noteworthy.