The cost of the Victorian Government’s signature rail project has blown out by $2.74 billion, with half the cost to be borne by taxpayers, after a year of protracted negotiations between the Government and builders.
- The Metro Tunnel project will now cost well over the $11 billion initially budgeted
- The deal locks in a completion deadline of 2025
- The Opposition has blamed the “massive hit” to the budget on Government incompetence
The consortium building the Metro Tunnel Project, Cross Yarra…