The population monster destroying Melbourne’s standard of living

Monday 20 July 2015

Back in May, Infrastructure Australia released a report forecasting a massive 290% increase in the costs of congestion by 2031, unless there is massive investment in new roads and public transport, with Melbourne most badly affected:

IA says the cost of road delays in the six largest capital cities was $13.7 billion in 2011, but is projected to grow by around 290 per cent to $53.3 billion in 2031 without measures including new roads and more public transport funding.

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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.