Jacinta Allan<\/a>, did not say by how much.<\/p>\n\n\n\n\u201cIt demonstrates there is huge competitive interest from these global construction companies,\u201d Allan told reporters on Sunday.<\/p>\n\n\n\n
The entire 90km orbital rail line is designed to run from Cheltenham to Werribee via Melbourne airport.<\/p>\n\n\n\n
Boring on the first phase of the loop is expected to begin in 2026, with completion slated for 2035.<\/p>\n\n\n\n
Some businesses to be forcibly acquired were granted a request for an extra nine months to vacate but Allan was adamant it wouldn\u2019t delay the project.<\/p>\n\n\n\n
\u201cIt\u2019s absolutely tracking on time and on budget,\u201d she said.<\/p>\n\n\n\n
The transport infrastructure minister, Danny Pearson, said there was \u201csimply no stopping\u201d the project as early works power ahead at all six station sites.<\/p>\n\n\n\n
\u201cYou can\u2019t stop this project,\u201d he said.<\/p>\n\n\n\n
Victoria has pledged $11.8bn to build the eastern section, with a third of funding expected to come from the federal government and the rest from unexplained \u201cvalue capture\u201d revenue.<\/p>\n\n\n\n
The Albanese government has only committed $2.2bn for the project so far, leaving a $20bn funding hole.<\/p>\n\n\n\n
The entire project was initially estimated to cost up to $50bn in 2018, before its 2021 official business case showed the east and north sections could cost between $30.7bn and $57.6bn.<\/p>\n","protected":false},"excerpt":{"rendered":"
Terra Verde\u2019s contract demonstrates the \u2018huge competitive interest\u2019 from global construction companies, Jacinta Allan says<\/p>\n","protected":false},"author":20,"featured_media":141909,"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":[47,8160],"tags":[993,8],"class_list":["post-149518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rail-news","category-suburban-rail-loop","tag-melbourne","tag-victoria"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t