A Grattan Institute report released today finds Australian governments spent A$34 billion, or 21%, more on transport projects completed since 2001 than they first told taxpayers they would. And as we enter the era of megaprojects in Australia, costs continue to blow out.
Transport projects worth A$5 billion or more in today’s money were almost unheard of ten years ago. Today, as the chart below shows, megaprojects make up the bulk of the work under way across the country.
- ^ Grattan Institute report (grattan.edu.au)
- ^ WestConnex (www.westconnex.com.au)
- ^ West Gate Tunnel (westgatetunnelproject.vic.gov.au)
- ^ Cross River Rail (crossriverrail.qld.gov.au)
- ^ Suburban Rail Loop (suburbanrailloop.vic.gov.au)
- ^ said (www.transportinfrastructurecouncil.gov.au)
- ^ We may live to regret open-slather construction stimulus (theconversation.com)
- ^ The rise of megaprojects: counting the costs (grattan.edu.au)
- ^ Deloitte Access Economics Investment Monitor (www2.deloitte.com)
- ^ Missing evidence base for big calls on infrastructure costs us all (theconversation.com)
- ^ reported (www.theage.com.au)
- ^ Transport promises for election 2019: the good, the bad and the downright ugly (theconversation.com)
- ^ The PM wants to fast-track mega-projects for pandemic recovery. Here's why that’s a bad idea (theconversation.com)
Authors: Greg Moran, Senior Associate, Grattan Institute