Sydney’s metro rail line under harbour blows out by $6b | Mattonews rabe9
The cost of the NSW government’s signature metro rail line under Sydney Harbour and the central city has blown out by $6 billion, which has been blamed on an overheated construction market, the pandemic and surging building costs.
Premier Dominic Perrottet and Transport Minister David Elliott tour the City and Southwest tunnels in February.The budget papers reveal the government has already spent $12.96 billion on the City and Southwest metro rail line, almost two years before it is due to be completed. The government has been forced to inject a further $5.1 billion into the project over the next two years.
Transport for NSW blamed the blowout in the City and Southwest rail project on an “overheated major project pipeline, reduced risk appetite from contractors, and significant price escalation on materials and labour”.The agency said the revised cost included $1.7 billion due to the pandemic, which “caused significant disruption” to the workforce, the construction production and the supply chain.
However, the agency warned that the industrial relations dispute between the Electrical Trades Services Union and Sydney Trains had cost the metro rail project more than $50 million, and “additional significant cost and time impacts” would occur if industrial action recommenced.
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