Private consortium ups bid to build Melbourne Airport Rail

The AirRail Melbourne consortium – which includes the owner of Southern Cross Station and part owner of Melbourne Airport, IFM Investors – has upped its bid to build the 6 kilometre Melbourne Airport rail tunnel from $5 billion to $7 billion:

This takes the total offer to $7 billion, on top of the $10 billion taxpayer contribution that would be split between the state and federal governments. This blows out the Andrews government’s initial estimates that airport rail would cost $8-$13 billion.

The letter was sent on Thursday last week, ahead of the state and federal governments making an announcement about the project’s design…

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