The Melbourne Suburban Rail Loop is projected to cost A$200 billion over ten years, but realistic costs could hit A$400 billion. That's roughly A$8,000 per household per year. Most Victorians will pay for it but won't use it.
Chapters
Now, let's talk about the Melbourne Suburban Rail loop. This is a project that's going to cost something like 200 billion over the next 10 years. That's if you accept government forecasts. In fact, allowing for the fact that these things always go overtime over cost is probably going to be more like 400 billion. But even on 200 billion, we are talking about $8,000 per household per per year for the next 10 years. Now, if we ask people, even those who use it, would you rather have the Bell Loop, or would you rather have $8,000 per year extra cash money in your pocket? I am pretty confident what most would say. And bear in mind the vast majority of Victorians are going to be paying for this and paying for this and paying for and getting no benefit at all.