NSW Treasurer warns of market pressures amid mega project blowouts

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NSW Treasurer warns of market pressures amid mega project blowouts Mattonews Rabe9

Responding to questions on Thursday about the cost blowouts, Mr Kean said the government was committed to delivering its massive road and rail promises but it would review how to do it in the most cost-effective way possible.

“The taxpayers of this state need to know that every dollar that goes over budget is a school we can’t build, a hospital that we cannot build or much needed funds for frontline public servants,” he said.In a sign of the challenges for the City and Southwest project, tender documents show the amount payable to contractors for work at Sydenham station alone is estimated to have surged by $456 million to $757 million.

Infrastructure Partnerships Australia chief executive Adrian Dwyer said the forces pushing project prices up were not unique to NSW.

 

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Mattonews Rabe9 Well not a surprise.the millionaires industry of construction is enjoying these talks to charge twice and thrice the price.bad procurement managers in TransportforNSW who have no skills to manage contractors let it go as they have no kpis to manage costs. Can’t sack them anyway

Mattonews Rabe9 Matt maybe Keen but that’s no substitute for competence…!

Mattonews Rabe9 party

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