True Cost of Queensland’s Axed Hydro Project Revealed to Be Over $36 Billion

The new LNP government moved to axe the project upon winning office last weekend.
True Cost of Queensland’s Axed Hydro Project Revealed to Be Over $36 Billion
Water being released from the EJ Beardmore dam into the Balonne river near St George, south-western Queensland, Australia on Feb. 26, 2020. AAP Image/Dan Peled
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Newly elected Queensland Premier David Crisafulli has criticised the former Miles government for not being clear about the soaring costs of the proposed Pioneer-Burdekin pumped hydro scheme, which has been revealed to cost $36.77 billion, instead of the original estimation of $12 billion—three times the initial forecast.

Within his first week in office, Deputy Premier Jarrod Pieter Bleijie announced the cancellation of the project.