To nobody’s surprise, the cost of building Melbourne’s suburban rail loop has doubled to $125 billion, with another $75 billion projected for operating expenses. That’s according to the Victorian Parliamentary Budget Office:
According to the state parliament’s budget office, which published a report overnight, the north and east sections of the rail loop could blow out to more than $125 billion before its completion in 2085.
Initial projections when the project was announced by the state government in 2018 said it would cost $50 billion to build the loop running from Cheltenham to Werribee.
