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The 2023-24 Victorian Budget stated that it expects the federal government to provide an additional “matching contribution” of around $9.6 billion for the first stage of its Suburban Rail Loop (SRL) project.
Source: Victorian Budget 2023-24
The State Budget also stated that the Victorian government plans to raise around $11.8 billion from so-called “value capture”, which would involve charging homeowners and businesses along the SRL line.
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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.