Overview
- The TransitLinX contract covers six new underground stations and rail works between Cheltenham and Box Hill.
- Developer charges in SRL precincts will be $11,350 per new dwelling from 2027, rising to $33,924 from 2032, with $2.9 billion forecast.
- Existing land tax within the six precincts will be redirected to raise an estimated $5.75 billion, with windfall gains tax adding $450 million.
- Further revenue is projected from developing government land ($1.6 billion) and a car‑park levy starting in 2035 ($800 million).
- The federal commitment stands at $2.2 billion, the line is slated to open in 2035, and the new charges do not apply to existing homes.