The Grattan Institute has released a new report, entitled “Megabang for megabucks: driving a harder bargain on megaprojects”, which calls on governments to reject unsolicited rail and road projects, claiming this is one way in which they can cut the cost of such projects.
It states that such proposals are most common in Victoria, while Grattan has found that around 25% per cent of transport projects end up costing more than what governments pledge when construction starts.
Grattan also calls on governments to cease paying extra money to fix problems with projects that have arisen after they commence.
