Australia drowning in infrastructure pork

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Former top NSW rail executive, Dr Dick Day, warns that Sydney’s multibillion-dollar metro rail projects risk delivering limited benefits to commuters despite their enormous price tags.

The cost of constructing three new metro rail lines across Sydney, as well as the Metro Northwest which opened in 2019, is estimated at an eye-watering $63 billion.

Day said Sydney’s “metro mania” is an “extremely expensive and poorly thought through experiment” that would be “found wanting as a cost-effective means of enhancing” the city’s public transport network.

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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.