Business
Metro Tunnel’s $2.7 billion budget blowout revealed – The Age
Taxpayers are set to fork out more than $1 billion extra for the key project by 2025.
The extra money is intended to ensure delivery of the project at its original scale and ensure it is built on time, rather than fund any new upgrades.
The funding allocation will be outlined in the state budget released next year.
Ms Allan said she was confirming the cost overrun to the public at the “first available opportunity”.
“The government and CYP have jointly agreed to invest an additional $1.37 billion towards the completion of the Metro Tunnel project.
“This is a big and important project,…
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