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Story summary
- The Australian government will allocate $230 million for high-speed rail between Sydney and Newcastle to be shovel-ready within two years.
- Transport Minister Catherine King said the line could cut travel time to one hour.
- The total development investment will reach $659.6 million.
- Australian Prime Minister Anthony Albanese said the project may not be completed during his tenure but could boost regional development despite challenges over costs and land acquisition.
