Metro West consumed by immigration paradox

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It’s almost as if MB is the last adult standing in Australian economics.

After the cancellation of the Commonwealth Games owing to an immigration-smashed Victorian budget, similar has now landed in NSW:

NSW Premier Chris Minns has again refused to rule out scrapping or delaying the $25 billion Metro West project.

Minns said while the cost of the underground rail line had blown out by at least $12 billion, he would not make any decision about the future of the project while an independent review was under way.

As we know, the NSW budget is not very far behind bankrupt Victoria:

State budgets
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As in the case of Victoria, the blowout has been driven by massive infrastructure pipelines and blowouts chasing mass immigration.

So, NSW is now in the marvellous position of building infrastructure it can’t afford but must have, or it will be crush loaded.

Either way, living standards fall as taxes or tolls rise, or public utility falls.

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But wait! There’s more:

A delay to constructing the Metro West rail line potentially puts at risk the NSW government’s housing strategies for Sydney, with new clusters of high density apartment buildings planned around most of its stations.

Some councils are already rezoning the areas around proposed metro stations to permit big increases in population density, but with construction delayed the local property booms may fall away, experts said.

LOL.

Immigration maniacs and property developer leeches are running the country in tandem, and neither gives two hoots about the living standards of Australians.

It is abandoning all public policy responsibility in the unholy yoking of woke and greed!

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.