‘Expensive feast’: At $15 million a day, Sydney’s mega rail projects hit costly speed bumps | Mattonews
has been repeatedly delayed and overshot its budget by billions of pounds.
Former top NSW rail executive Dick Day says it has become a “fairly normal phenomenon” for rail projects around the world to blow their budgets. “People in the planning stages underestimate the cost of building these projects and their complexity,” he says.He describes the spending on construction of Sydney’s metro lines as mind-boggling, and worries that the benefits of them will be underwhelming given their cost.
“It wasn’t just that you couldn’t get people from overseas – you couldn’t even get people to come in from Melbourne. The level of disruption that COVID caused was right at peak construction in the project. All that compounded because the project is such an integrated series of contracts,” Regan says.
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