Sunday, September 8, 2024

Audit unearths $33 billion in infrastructure blowouts

Must read

Loading

King said 160 projects were added with commitments of $5 million or less.

“Projects were left without adequate funding or resources, projects without real benefits to the public were approved, and the clogged pipeline has caused delays and overruns in important, nation-building projects,” the minister had said while announcing the 90-day audit.

The $120 billion for new infrastructure projects is contained in the federal government’s Infrastructure Investment Program.

Why it matters

The Queensland government has chipped in $15 million, with the council to pay the rest.

What they said

Moreton Bay Mayor Peter Flannery: “We can’t afford to wait for this project to be evaluated again by Canberra bureaucrats, and this so-called 90-day review has created significant uncertainty.

“The cost of construction continues to rise while we wait on a decision, and we need assurance for the full commitment of funding now.”

Sean Parnell sends an exclusive newsletter to subscribers each week. Sign up to receive his Note from the Editor.

Latest article