{"id":118988,"date":"2024-09-02T11:11:31","date_gmt":"2024-09-02T01:11:31","guid":{"rendered":"https:\/\/www.vibewire.com.au\/?p=118988"},"modified":"2024-09-02T11:11:35","modified_gmt":"2024-09-02T01:11:35","slug":"metro-tunnel-melbourne-show-me-the-money-trail","status":"publish","type":"post","link":"https:\/\/www.vibewire.com.au\/?p=118988","title":{"rendered":"Metro Tunnel Melbourne show me the money trail"},"content":{"rendered":"\n

Disbelief is now creeping into almost anything the Victorian Government announces they will do or updates on what they are currently doing. A lot of what we are hearing now in this great city and state smells of cover-up, receipt and just plain old incompetence. <\/p>\n\n\n\n

We are all at a significant loss now on how two 9km tunnels, a total of 18 kms of track, plus 5 railway stations can cost a minimum of $15.5 billon dollars. How big a deal is it really?<\/p>\n\n\n\n

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Sydney Metro extension was over budget by $9bn, an 81% overrun from the initial $11.5bn estimate. The Metro Tunnel project was budgeted at $10.9bn and is now estimated to cost $15.5bn, a 42% overrun.<\/p>\n<\/blockquote>\n\n\n\n

Don’t get me wrong I want to see the Metro Tunnel open and being used by Melbourne, hell I was not around when the City Loop was completed and I can imagine people up in arms about the investment who worries about that now when the city loop is a vital transport system for Melbourne?<\/p>\n\n\n\n

The Metro Tunnel will be the same as the above and we will be thanking Jacinta Allan for the foresight of the project but not the cost. <\/p>\n\n\n\n

The more frustrating part is the wait for it to open. The delays have created holding costs for the subcontractors I imagine. The question is what caused the delays and what are the holding costs and why?<\/p>\n\n\n

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Victoria is going to get much worse economically over the next few years before it gets better. Should this be a cost of progress or are we being had by extremely poor management of the project.<\/p>\n","protected":false},"excerpt":{"rendered":"

The more frustrating part is the wait for it to open.<\/p>\n","protected":false},"author":21,"featured_media":113647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[35,1168,47],"tags":[993,8],"class_list":["post-118988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-metro-tunnel","category-rail-news","tag-melbourne","tag-victoria"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t