Experts slam Vic Labor’s $50b rail megaponzi

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By Leith van Onselen

The Grattan Institute’s Marion Terrill has trashed the Victorian Government’s announced plans for a $50 billion gigantic rail tunnel loop, claiming the project will not connect workers with jobs. From The Age:

Ms Terrill pointed to Australian Bureau of Statistics data showing jobs growth had been slow in suburbs surrounding many of the new stations.

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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.