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.