The NSW government has been warned its flagship Sydney metro rail projects face scores of high risks, from safety threats to further cost blowouts | Mattonews
The NSW government has been warned its flagship metro rail projects in Sydney face scores of high risks ranging from safety threats and further cost blowouts to compromised operations and a failure to meet long-term benefits.
The report by Sydney Metro rates as “high” the risks of a “catastrophic health, safety or security event” during the delivery of the rail projects, and train operations becoming “compromised”. The risks from supply chain blockages and an overheated construction market are also deemed “very high”, which raises the likelihood of surging costs, delays and contractors becoming insolvent if they continue or worsen.The danger of the new metro lines failing to deliver their expected long-term benefits of solving the city’s public transport demands, as well as staying within their approved budgets, are also regarded as high.
The report also warns the risk of Sydney Metro failing to keep an “effective working relationship” with federal, local and state governments is high. Sydney Metro said in a statement that “risk reporting” was essential to identify potential issues and their “possible or probable impact”, which allowed risks to be prioritised, mitigated and managed.
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