Federal budget rejects extra Victorian Suburban Rail Loop funding


Victorian Premier, Jacinta Allan, stupidly chose to sign the contract to build the first leg of the $200-plus billion Suburban Rail Loop (SRL) project against the clear advice of infrastructure experts, who wanted the project axed.

These experts warned that the SRL would be a $200-plus billion waste of money. Yet, the Victorian government signed the $35 billion contract to build the first leg (SRL east) regardless.

The Victorian budget, released earlier this month, explicitly stated that the Allan Government expects the Albanese Government to make “a matching contribution” to the SRL in addition to its initial investment of $2.2 billion over three years:

SRL announcement

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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.