Victorians are paying $2.8m a week for a road yet to be finished
Victorians are paying $2.8 million a week in interest on the unfinished North East Link road project, the cost of which has blown out to $26 billion, annual reports and documents obtained under freedom of information show.
The North East Link State Tolling Corporation, a public agency established to finance, operate and collect tolls on the road, which is expected to open in 2028, has incurred $3.9 billion in debt since March 2021. It also paid $145.3 million in interest during the last financial year.
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