Melbourne’s Metro Tunnel Project Runs Out Of Contingency Funds

A general view underground of part of the Metro Tunnel metropolitan rail infrastructure project in Melbourne, Australia, on Nov. 6, 2020. Asanka Ratnayake/Getty Images

Victorian taxpayers may have to bear additional costs for Melbourne’s Metro Tunnel as the project has mostly used up its risk contingency funds.

A Victorian Auditor-General’s Office report stated that the project was expected to overspend on tunnels and stations by $364 million (US$252 million).