Why transport megaprojects are costing too much

Megaprojects are making up an ever-bigger portion of transport infrastructure projects. Governments must focus on keeping the long-term cost as low otherwise, taxpayers will be at risk of paying over the odds.

Beware cost hikes in megaprojects

A Grattan Institute report released today finds Australian governments spent A$34 billion, or 21%, more on transport projects completed since 2001 than they first told taxpayers they would. And as we enter the era of megaprojects in Australia, costs continue to blow out.