Auditor-General again slams Victoria’s infrastructure waste

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A new Victorian Auditor-General report has found that multibillion-dollar projects are being built on the back of “fragmented planning” and secrecy, which is wasting taxpayer dollars:

A new probe by the Victorian Auditor-General reveals multibillion-dollar projects are being built on the back of fragmented planning. The watchdog describes a string of separate and secretive documents that have been created over nine years without any reference to each other, the act or any overarching goal for the state transport network…

“The absence of a transport plan as required by the act, during a decade of unprecedented investment in transport infrastructure, creates risks of missed opportunities to sequence and optimise the benefits of these investments to best meet Victoria’s transport needs”…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.