West Gate Tunnel bungle has taxpayers on hook for billions

The fallout from the bungled West Gate Tunnel project continues after its builders gave notice that they intend to terminate their contract with Transurban, with Victorian taxpayers likely required to bail-out the project at a cost of billions. Here’s The Age’s take:

Treasurer Tim Pallas billed it as the multi-billion-dollar road deal that was too good to refuse: a massive new motorway through Melbourne’s west, to be delivered by Transurban at virtually no cost to taxpayers.

“The good news just keeps coming on and on,” Pallas said in 2015 of the “market-led proposal” that Transurban brought directly to him and that he shepherded through Cabinet.

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