RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Whatever the statists touch, turns to shit: $4.3 billion cost blowout for OZschwitz metro rail project Mon Feb 03, 2020 6:48 pm | |
| The Berejiklian government’s flagship metro rail project under Sydney Harbour and the central city will cost up to $16.8 billion to complete, more than $4 billion above what has been budgeted, a secret government document shows.
The rail line from Chatswood to the central city, and onto Sydenham in the south and Bankstown in the west, is critical to government plans to expand the rail network to handle surging commuter demand. The government originally budgeted the rail line to cost $11.5 billion to $12.5 billion.
But an internal review by Sydney Metro, the state’s operating agency delivering the railway, has forecast it will cost $16.8 billion to finish by 2024 due to blowouts across many parts of the City and Southwest project.
https://www.smh.com.au/national/nsw/4-3-billion-cost-blowout-in-sydney-s-metro-rail-project-20200203-p53x7n.html |
|