Albanese government abandons beleaguered inland rail project connecting NSW with Queensland

The Albanese government has scaled back the inland rail project, abandoning plans to connect NSW and Queensland by rail due to a blown-out price tag of over $45bn. The project will now only connect Beveridge in Victoria to Parkes in NSW, covering about half the original distance. The government will reallocate $1.75bn of the funding to other national rail upgrades.