Soaring costs, questionable benefits and a funding black hole mean it’s time for another look at the consulting firm’s analysis of the $125 billion project, say transport experts.
The state government is set to sign contracts for the primary tunnelling contracts for the first stage of the project, with three consortiums vying for the work.
Australian Workers’ Union official Joel Archer said on Friday a new workplace deal would be deployed by which “most” of the 300 tunnel workers employed on the North East Link would earn over $300,000 a year. “We will be using this agreement as a template,” he said, when asked about SRL.There are also fresh questions over funding for the project. The Andrews government has committed $11 billion for the first stage, estimated to cost $35 billion, but the Albanese government has committed only $2.
Tom Considine, Daniel Andrews and James MacKenzie, who helped come up with the state’s Suburban Rail Loop.PwC’s initial strategic assessment of the project claimed the rail loop would “revolutionise the way that people move around Melbourne” but the secret origins of the process, the PwC assessment and a later KPMG business case – never independently assessed – were all condemned by the Auditor-General’s report.
“The government has shown a tendency to go outside the bureaucracy to get the advice it wants, this project had a political birth and has had a political life.” The 400-page KPMG business case released in 2021 claims that the east and north sections of the loop will have a positive cost-benefit ratio of between 1.1 and 1.7, meaning for every dollar spent on the project the government will receive a return of between $1 and $1.70.But the Auditor-General’s report found the KPMG business case was “not sufficiently comprehensive, robust or transparent”.
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