Victoria cuts $2 billion from Suburban Rail Loop East project
Premier Ben Carroll is cutting the project's scope to save $2 billion before November's election. The eastern section will cost $33.3 billion instead of $30-34.5 billion.
Why it mattersThe rail loop is a major infrastructure project. Victoria's budget is heading toward $200 billion in net debt by 2030, making cost cuts significant.
AustraliaMelburnians will see the rail loop built to a tighter scope than originally planned, with the revised timeline unchanged but fewer connections and amenities.
✓ Claims checked against the source and corrected before publish. checked 2 h ago
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