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The mad rush to build infrastructure to keep pace with Australia’s ballooning population is leading to cost blow-outs, as shortages develop across labour and materials. From The Age:
Taxpayers will fork out an extra $370 million for the next stage of the Monash Freeway upgrade, with the cost of the project blowing out to $1.1 billion.
A labour shortage and a spike in the cost of raw materials thanks to competing infrastructure projects across the country have been blamed…
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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.
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