The Australian: Sydney Light Rail budget doomed to blowout
The controversial Sydney Light Rail project is set to go over budget — whether or not the Spanish subcontractor Acciona wins its $1.2 billion claim against the Berejiklian government. While the job is only half-finished, the NSW government has already paid or committed close to the full $2.1bn estimated for its construction.
The Australian can reveal that transport bosses are expecting a blowout although the government has long maintained it was “on time and on budget”.