Rail News
Melbourne rail project cost tipped to hit $100bn
The Australian
AUGUST 20, 2021
The first two sections of the Andrews government’s signature Suburban Rail Loop are likely to cost $50bn and will not be completed until 2053, according to an investment case released on Thursday.
Details of the largest infrastructure project ever proposed by a state government came on the same day Victoria’s Auditor-General warned major Andrews government projects were not being properly planned to cater for skyrocketing demand for materials and labour, and were at risk of critical shortages.
They also came a week after toll road company Transurban confirmed a cost blowout of at least $3.3bn on the beleaguered West Gate Tunnel, and coincided with the release on Thursday of Infrastructure Victoria’s 30-year blueprint, which recommended an extra rail tunnel as part of a $100bn plan to cater for a population forecast to grow from 6.6 million to 10.8 million by 2051.
Source
https://www.theaustralian.com.au/nation/politics/melbourne-rail-project-cost-tipped-to-hit-100bn/news-story/519afe9a3413313e6f4f354888e1d55c
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