I know the process that governments go through to approve projects and it is pretty rigorous but sometimes the bureaucrats get it wrong or some issues not anticipated occur.When total project budgets as a collective, get blown out by 10 of billions of dollars ,you have to ask questions,and there has to be accountability ,and future projects being under valued by 10's of billions of dollars ,then you start getting worried.
We are talking about a state of Australia,not the country as a whole,of course we pay for the debt thats what taxes are for,and you will be paying 2cents a kilometre on any future Ev .
What regional and Rural projects are back logged in Victoria,pre election .
Yes we heard from Teflon Dan during covid ,as we did from the pm and every other premier in Australia ,lm talking about in normal circumstances.
Every large project is subject to a business case, consultants are appointed to design the project and then they are costed by independent quantity surveyors who apply generous contingencies usually. That process is political party agnostic , it is a public service process. The last time I am aware that it wasn’t followed was the Napthine government with the east-west link which was cancelled and that was a balls up all around.
Sometimes they get it wrong and anyone who knows anything about large scale projects knows that it can happen. Do we get it wrong too often? Maybe, but the process is very rigorous and is embedded.