- Jun 20, 2011
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Why bother reading the report, when you just read the exec summary?Thank you for the reply. I had assumed the ABC would be more thorough in their reporting. I appreciate the context you have applied to the report.
Suburban Rail Loop on track to cost $125b
The Suburban Rail Loop to connect Melbourne’s suburbs is expected to cost more than double the government’s initial estimate for the entire project, according to a new report.
www.theage.com.au
The Age is reporting it as a "cost blowout" when the PBO is literally just taking the Governments own numbers, adding projected Opex and capex over 50 years, making no adjustment for inflation and adding them together. Apply that methodology to any Government project and you will get very large number but which are entirely meaningless.
What is the Total Opex (in nominal terms) for next 50 years of those 10 Hospital that Guy has promised to build? $300 billion maybe? By this metric, the SRL is going to save the government a $100 billion.