The $125 Billion White Elephant That Will Cost Victorian Taxpayers for Decades

Households will be paying $24 million per day in interest payments for the state’s debt.

Then then-Minister for Transport Infrastructure and Minister for Suburban Rail Loop Jacinta Allan (L) and former Premier of Victoria Daniel Andrews (C) with workers pose for a photo underground from the site of the currently being built, State Library station, as part of the Metro Tunnel metropolitan rail infrastructure project in Melbourne, Australia, on Nov. 6, 2020. Asanka Ratnayake/Getty Images

Commentary

Melbourne’s Suburban Rail Loop (SRL), a 90-kilometre (56-mile) rail line beginning at Cheltenham in the city’s southeast and looping through the eastern, northern, and western middle suburbs to Werribee in the southwest, is already estimated to cost billions more than first proposed.