Melbourne’s huge tunnel of pork

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By Leith van Onselen

A major analysis of Victoria’s East-West Link – Melbourne’s controversial road tunnel project – claims it will cost Victorian taxpayers as much as $17.8 billion, and will be a drain on the public purse until the mid-2040s. From The Age:

A report by 10 leading transport planners and financial analysts from three Melbourne universities concludes the East West price tag will be “comparable” with the Wonthaggi desalination plant, the cost of, and secrecy around which, contributed to the defeat of the Brumby government in 2010.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.