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$717 million cost blowout hits Tasmania's new ferries
✓ Source-backedPower & Policy

$717 million cost blowout hits Tasmania's new ferries

The Spirit of Tasmania ferries cost $717 million more than planned. The new berth added $493 million in extra costs. The government paid $506 million to cover the overruns.

Why it mattersThe overruns hurt Tasmania's budget and show weak project management.

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