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flag Prime Minister Albanese pledges more federal funds for Melbourne’s Suburban Rail Loop amid cost concerns and funding gaps.

flag Prime Minister Anthony Albanese has pledged additional federal funding for Melbourne’s $34.5 billion Suburban Rail Loop, following the early opening of the $15 billion Metro Tunnel on November 30. flag The federal government has contributed $2.2 billion so far, with Victoria committed to $11.8 billion, but a significant funding gap remains. flag Albanese confirmed further support will be included in the May budget, though specifics were not disclosed. flag Infrastructure Australia has questioned the project’s revised cost and recommended an exit strategy if delivery becomes unfeasible. flag The rail loop, originally projected at $50 billion, remains controversial, with opposition leaders vowing to redirect funds to a Melbourne Airport rail link.

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