Victorian Metro Tunnel project costs rise to $12.8bn from $10.9bn, contingency funds depleting.
Victorian taxpayers face increased costs for the Metro Tunnel project, as contingency funding is running low. The project, originally budgeted at $10.9bn, has seen its costs rise to $12.8bn. The lack of contingency funds could result in further cost increases and delays, straining Victoria's net debt levels and potentially causing the delay or cancellation of other transport projects.
June 20, 2024
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