The contract variations for the City and Southwest line amount to a $2.2 billion increase in the cost of the vaunted rail project, even before all deals for the underground rail line and theThe contract for tunnelling and station excavation works surged by $1 billion to $3.73 billion, making it the largest change in contract price. It involved constructing 15-kilometre twin tunnels between Chatswood and Sydenham and excavating caverns for new stations.
The escalating costs come as the NSW Auditor-General conducts a performance audit of the unsolicited proposal by Macquarie Group for the Martin Place metro station to determine whether the government effectively assessed, planned and managed theShadow treasurer Daniel Mookhey said the City and Southwest line was on track to report a massive blowout and the government needed to come clean about its true cost.
“Government projects are not immune from market impacts. These impacts have been exacerbated by the COVID-19 pandemic and Sydney Metro is continuing to work with our delivery partners to manage these impacts,” it said.Grattan Institute transport and cities program director Marion Terrill said large infrastructure projects were the most vulnerable to cost overruns.“These mega projects are just so risky,” she said.
Mattonews More economic mismanagement from Dom and Co. Don't forget Dom could produce half a billion dollars at the request of Gladys 'just like that' Dom isn't fit to be premier
Mattonews It doesn't matter. When it comes to rail infrastructure these are must haves. It doesn't matter the cost.
Mattonews It still doesn't connect from Tallawong to Schofields either. NSWPol
Mattonews These Metro projects are result of the NSW government's pathological urge to grow Sydney no matter what at the pleasure of developers (apartment towers around stations). The Metro to the Western Airport is superfluous because the airport will be a flop. Oil/Virus/Climate crisis
Mattonews I would expect nothing else from this government. A shamble wrapped up in a cluster fuck. From treasurer to Premier to mountains of debt.
Mattonews how good are the Liberals with money management !!