Labor’s Suburban Rail Loop a millstone around all Victorian necks


I warned on Monday that the Victorian Government’s idiotic decision to forge ahead with the $200 billion Suburban Rail Loop (SRL) would starve existing transport corridors and growth areas of funding for decades.

As a result, the Victorian Labor government will consign the state’s taxpayers to decades of debt servitude and reduce the living standards of its residents.

My warning has already come to fruition with the delay of the $10 billion Airport Rail Link.

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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.