Cost of Big Victorian Infrastructure Projects Surge $11 Billion in One Year

Victorian Auditor-General’s Office’s report highlights cost overruns, lack of reassessment, and failure to report project changes as key shortcomings.

Premier of Victoria Jacinta Allan speaks during a Cricket Australia Media Opportunity at Melbourne Cricket Ground in Melbourne, Australia, on Aug. 18, 2024. Asanka Ratnayake/Getty Images for Cricket Australia

A new report from the Victorian Auditor-General’s Office (VAGO) has raised serious concerns about the state government’s handling of major infrastructure projects, revealing a staggering $11 billion surge in costs over the past year.

The report, which examined 110 major projects, found that nearly half had experienced increases in their total estimated investment (TEI).