It’s only $1.2 billion to not do the thing.
To do the thing would require paying the original contracted amount.
Whatever that might have been.
Melbourne, well Victoria the whole state, is looking at a similar scenario for rail tunnels many believe serve little purpose.
Around $1.2 billion to stop the work now and pay the early termination penalty. Plus maybe another billion (estimated, who really knows) to bury the tunnel boring machines and remediation work.
Or something like $200 billion to complete the work and operate the rail network over some number of probably too many decades. Although this number seems to increase at a regular cadence.
A new road tunnel was recently completed and people who use it often report they are the only vehicle in the tunnel.
Meanwhile our roads haven’t been maintained in a decade and are literally falling apart. It’s not uncommon to hear reports of multiple cars being recovered after suspension and wheel damage from the same section of poorly maintained road in one day.
All of this in a political and economic setting so corrupt the now former state Labor Premier came out and admitted knowledge of a criminal element having infiltrated the union that represents the workers on the projects. She was recently replaced with her deputy. As if that helps.
Electricity prices have also increased by something like 150 to 200 percent more than inflation over the past 20 years but mostly the past 6 years (so this decade) because state and federal governments seem to want to insist on ramming Net Zero down our power lines, yet we export around the same amount of gas as Qatar. And we have the worlds largest know uranium deposit and yet we have a ban on nuclear power reactors.
Please explain?