Dan’s Suburban Rail Loop: unnecessary and wasteful “debt bomb”
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Below is the Executive Summary of a new paper by Bob Birrell and Ernest Healy from The Australian Population Research Institute. Like MB, it argues that the Andrews Government’s Suburban Rail Loop Project (SRL) is unnecessary, wasteful and will choke the state in debt.
The SRL also highlights one of the many costs of mass immigration. The project has been created to ameliorate the impact of Melbourne nearly doubling in size to a projected 9 million people – an expansion few Melburnians actually want.
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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.