A DAILY return trip from Wangaratta to Southern Cross Station on the V/Line rail or bus service network will only cost $9.20 instead of $67.60 if Labor is re–elected at this month's state election.

The fares are part of a $1 billion package announced by Labor aimed at delivering cheaper public transport, more VLocity trains and extra weekend services for the regional rail network.

Unfortunately, despite several other major regional lines set to receive extra services, no new announcements have been made for the Albury line.

Discussions about regional trains have become a major talking point ahead of November's election, with the Coalition recently pledging to halve all V/Line fares if elected.

As part of the regional rail package, Labor will:

• cap the cost of a daily ticket on the regional network at $9.20 for a full fare ($33.80 Coalition pledge), or $4.60 for a concession ($16.90 Coalition pledge) – the same price as a metro daily fare;

• order new VLocity trains; and

• add almost 200 extra weekend services on major train lines in regional Victoria.

Premier Daniel Andrews spoke about the impact this investment will have for Victorians in regional areas.

"Cheaper fares, comfortable trains and more frequent services – that's what matters to commuters across regional Victoria, and that's what Labor will deliver," he said.

Regional commuters who use a myki pass to travel between 28 and 365 days a year will also be capped at the Melbourne rate, currently $5.52 per day.

Currently, all regional fares are calculated based on the distance travelled.

A full–fare return ticket from Melbourne to Wangaratta is currently $67.60.

Labor says these prices make it too expensive for families living in rural and regional Victoria to take the train to visit family and friends, or access vital health and education services in other regional cities and Melbourne.

A re–elected Labor Government will also order 23 more VLocity trains to support rail upgrades across the rail network, in what they say will secure hundreds of jobs over the next three years.

VLocity trains have recently been introduced on both the Albury and Shepparton train lines.

Rounding out their regional rail package, a re–elected Labor Government will deliver extra weekend services on the regional network.

While there have been no extra services announced for the Albury line, trains are to run every hour on the Seymour line – 8am to 9pm on weekends.