Transport project budget blowouts hit $28 billion, says report

By Adam Carey
Updated October 23 2016 - 9:18pm, first published 9:00pm
The Grattan Institute report finds projects regularly run over-budget in Australia because politicians keep promising to build them before they have been assessed properly. Photo: Michele Mossop
The Grattan Institute report finds projects regularly run over-budget in Australia because politicians keep promising to build them before they have been assessed properly. Photo: Michele Mossop
An artist's impression of the Melbourne Metro rail project's Parkville station. Photo: Supplied
An artist's impression of the Melbourne Metro rail project's Parkville station. Photo: Supplied

Unreliable accounting by Australian governments when promising new transport infrastructure has led them to spend $28 billion more since 2000 honouring those promises than they said they would, a damning analysis by the Grattan Institute has found.

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