Victoria's long-awaited Metro Tunnel project has experienced a significant cost increase, with the total budget now reaching $13.48 billion. Transport Infrastructure Minister Danny Pearson attributed the $837 million blowout to rising building, material, and labor costs, as well as global events such as the pandemic and conflict in Ukraine.
The Allan government has announced an $837 million cost blowout on Victoria's long-awaited Metro Tunnel project.
"The reality , since 2017, nobody could have predicted a once-in-100-year pandemic, nobody could have predicted conflict in Gaza and in Ukraine and nobody could have predicted interest rate spikes," Pearson said. "We want to make sure the authority have all the resources it needs to get on and deliver this project," Pearson said.
Metro Tunnel Cost Blowout Construction Melbourne Infrastructure
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