Back in 2014, the Productivity Commission’s (PC) released a report into the provision of public infrastructure, which presented a scathing assessment of the governance, selection and execution processes by Australia’s governments, and recommended that governments build a “credible and efficient governance and institutional framework for project selection”, that includes “properly conducted cost–benefit studies of large projects, and their disclosure to the public”.
Over the weekend, the Grattan Institute’s Marion Terrill released a report entitled Cost overruns in transport infrastructure, which documents the spectacular cost blowouts on Australian infrastructure projects over the past 15 years.
