Gladys launches $100b ponzi rail Hail Mary

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By Leith van Onselen

More details have emerged about the NSW Government’s proposed four routes for high speed rail (HSR) into Sydney:

A high speed rail project Premier Gladys Berejiklian has committed to start work on if she wins the state election could cost $100 billion… “A reasonable figure would be $100 billion in Australian dollars to build it,” [Committee for Sydney Director of Advocacy James Hulme] said…

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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.