Frydenrort dumps dodgy car parks scheme

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Last year, the Auditor-General released a damning report on the federal government’s administration of the $660 million Commuter Car Park Projects fund.

Set up in 2018 as part of the Urban Congestion Fund, the project was intended to construct car parks near urban railway stations. However, the Auditor-General found that none of the 47 car park projects to receive money under the fund were selected by the Infrastructure department, that 90% of the projects were in government-held or targeted seats, and that just five of the 47 car parks have been delivered.

With a federal election pending, Treasurer Josh Frydenberg has cancelled a plan to construct four commuter car parks in his seat of Kooyong, which would have cost $65 million to construct.

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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.