Minister for Transport Infrastructure, Danny Pearson, announced a cost blowout of $837 million today, with the project now expected to cost $15 billion, $4 billion more than the original cost.
A leaked legal letter, obtained by The Age, outlines a series of financial incentives to the Cross Yarra Partnership construction consortium to secure the completion of the train line under central Melbourne.
New stations in Arden and North Melbourne will be a boon for these growing areas, while a new passageway under the CBD will take the pressure off the City Loop, which gets clogged during peak hour and severely constricts the number of trains that can run during our busiest hours.
