Governments ‘should report cost blowouts just like companies do’
Governments should have to report cost blowouts or delays to major projects such as Victoria’s Suburban Rail Loop in the same way listed companies must inform shareholders of significant events, according to independent transport expert Marion Terrill.
As “investors” in major government-funded projects, taxpayers would benefit from knowing changes in cost/benefit estimates and completion dates with the speed and transparency that ASX-listed companies reported to the market, she said.
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