The Lendlease-led Melbourne Metro Rail consortium halted tunnelling work on the $11 billion project on Monday without notice to the Victorian government, after weeks of talks about cost blowouts reported to be as high as $3 billion.
While tunnelling work regularly stops for maintenance of the giant machines boring the twin 9 kilometre rail tunnels from Kensington to South Yarra, Monday's halt was unusual because the Cross Yarra Partnership communicated nothing ahead of the shutdown, The Australian Financial Review understands.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
