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The Grattan Institute has rubbished the Victorian Government’s announced plans for a $50 billion gigantic rail tunnel loop, claiming the project has been announced without Infrastructure Victoria’s expert advice and without conducting a business case. From The Canberra Times:
Grattan Institute transport program director Marion Terrill said Labor’s decision to commit an estimated $50 billion to the loop without a business case or cost-benefit analysis was the latest in a long line of government promises to spend taxpayers’ money before doing due diligence.
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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.