Infrastructure fat cats dine on Victorian taxpayers

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Victoria’s 90-kilometre Suburban Rail Loop (SRL) is shaping into Australia’s most wasteful infrastructure project.

Former Premier Daniel Andrews announced the SRL just before the 2018 state election.

Andrews stated that the SRL’s three stages would cost $50 billion. However, the project’s construction and operating costs are now expected to exceed $200 billion.

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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.