Grattan Institute Report - The Rise of Megaprojects & Counting the Cost

 

News article: Transport mega-projects unnecessary, wasteful, report finds

Australian governments must rethink their "mega-projects" – those with a price tag topping $1 billion – as they search for an infrastructure-led coronavirus recovery, or risk delivering a "herd of white elephants", a new report warns.

  Carnot Minister for Railways

Notice how road projects have gotten "out-of-control"...
https://grattan.edu.au/report/the-rise-of-megaprojects-counting-the-costs/  

Cost blowouts on rail projects are also an issue.

Full report here: https://grattan.edu.au/wp-content/uploads/2020/11/The-Rise-of-Megaprojects-Grattan-Report.pdf

It's worth a read.

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  bevans Site Admin

Location: Melbourne, Australia
There is really something very broken in Victoria when you have $11b of cost overuns on project which should never have cost that much anyway.  Someone is getting paid something somewhere.

Also the Victorian quarantine programme has cost $195m compared with Sydney $120m and Sydney accommodated 60,000 more people.  How does that work?
  Lockspike Deputy Commissioner

"because the pandemic has pushed population growth over a cliff, and fewer people will commute in future as working from home becomes part of ‘COVID normal’ ".
So the Gratten Institute thinks Australian governments ought to adopt a do nothing stance on infrastructure, due a pandemic induced lack of growth.

The problem with that is that most of us have experienced congestion increasing over the past few decades, primarily due to infrastructure not keeping up with growth.

Even if there is a pandemic induced hiccup in growth, along with an almost unparalleled investment in infrastructure, it is just a small opportunity for infrastructure to catch up a little.
  railblogger Chief Commissioner

Location: At the back of the train, quitely doing exactly what you'd expect.
"because the pandemic has pushed population growth over a cliff, and fewer people will commute in future as working from home becomes part of ‘COVID normal’ ".
So the Gratten Institute thinks Australian governments ought to adopt a do nothing stance on infrastructure, due a pandemic induced lack of growth.

The problem with that is that most of us have experienced congestion increasing over the past few decades, primarily due to infrastructure not keeping up with growth.

Even if there is a pandemic induced hiccup in growth, along with an almost unparalleled investment in infrastructure, it is just a small opportunity for infrastructure to catch up a little.
Lockspike
Not to mention that had the pandemic not happened the growth would have continued.

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