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Suburban Rail Loop to cost another $16b, Victorian budget office finds

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Suburban Rail Loop Minister Danny Pearson has dismissed as “laughable” a report by the Victorian Parliamentary Budget Office that found the first two phases of the major project will cost $216.7 billion to build and operate.

SRL East and SRL North will cost an extra $9 billion to build and maintain and $7.5 billion to run over the next 50 years, according to the PBO’s report, which was commissioned by the state opposition and released this week.

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Gus McCubbing is a journalist at the Australian Financial Review in Melbourne. Connect with Gus on Twitter. Email Gus at gus.mccubbing@afr.com

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    Original URL: https://www.afr.com/politics/suburban-rail-loop-to-cost-another-16b-victorian-budget-office-finds-20240313-p5fc0a