Andrews’ $125b rail loop gets funding without ‘positive’ business case

between $30 billion and $35 billion to build the first stage of the rail loop, with first trains running in 2035.to the rail project before Victoria’s state election last weekend.

Ms McKenzie told the National Infrastructure Summit last month that the project’s business case didn’t stack up and that the Albanese government should have waited until a review of IA had been completed. A review of IA’s role and powers that is being reviewed by Ms King is expected to be released before Christmas.IA had not had any talks with Ms King’s office about what would be needed to make the rail project “stack up,” Mr Tucker said on Friday.

Although IA has read the Victorian auditor-general’s report on the rail project, it hasn’t spoken to the auditor-general and didn’t intend to because it was not a “usual” part of the agency’s process, he said. IA confirmed that it has not previously been asked to assess a project that has received a negative report from a state auditor-general, and that it has not assessed the findings of the Victorian parliamentary budget office.

I think we are officially bankrupt😂

It's a bloody good idea. People don't all work in the CBD anymore. They work in major regional centres around Melbourne. Evidence just look at the ring road traffic.

Clearly Victorian’s don’t care and have forgotten how stuffed the place was in the early 90’s

Albo friend doesn’t need a business case, just BFF’ness….

This level of spending on a single project like this is madness. There should be large scale investment in regional Victoria, but the tin is empty after this.

CORRUPT

Was MMR the same?

That’s only needed if it’s infrastructure proposed by the LNP

Melb rail loop is just Andrews' grand delusion praying to get China Belt&Rd or Fed gov funding Just dream up big but there is NO BIZ case Just a bankrupt despot

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Source: FinancialReview - 🏆 2. / 90 Read more »