NSW infrastructure body warns on mega ponzi projects

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Infrastructure NSW has released a new report, State Infrastructure Strategy 2022-2044: Staying Ahead, which calls on the state government to reconsider its mega infrastructure projects as ballooning costs put a big question mark over their benefits:

The report, released on Tuesday, also urges the government to reconsider the need for – and timing of – major road and rail development.

This includes the Beaches Link, the M6 Stage 2, stage two of the Parramatta Light Rail, the central tunnel of the Great Western Highway between Katoomba and Lithgow, further stages of the Sydney Metro and regional major dam projects.

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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.