Residents of Bulimba real estate may soon find their transit around Brisbane to be much easier thanks to a new rail system.
The new 'UBAT' (underground busway and train) tunnel was announced by Premier Campbell Newman this month, and will cost around $3 billion less than the previously proposed Cross River Rail system.
Brisbane dwellers will be able to access a double decker public transport tunnel to board both bus and rail services. The system aims to ease congestion at the popular Merivale train bridge and Cultural Centre bus precinct.
The tunnel will be 5.4 kilometres long and will deliver public transport services required by the community for the next 50 years, according to Mr Newman.
It's expected to bring a major boost to the Brisbane economy, providing hundreds of jobs and plenty of new business opportunities for locals and investors.
Lord Mayor Graham Quirk believes the CBD and its surrounding suburbs will continue to expand over the coming years, and public transport will need to be improved to accommodate the growth.
A public competition will be held early in 2014 to decide on a name for the project.