(everyone knows roading budgets usually blow out - the total final cost of Transmission Gully appears to be $2.5bn – double the projected cost of $1.25bn).
(everyone knows roading budgets usually blow out - the total final cost of Transmission Gully appears to be $2.5bn – double the projected cost of $1.25bn).
How many years of free public transport would $22B buy?
I recall the 50% price cut during COVID (for the whole country) cost the government a few hundred million for a year. This was during COVID so it didn’t get higher uptake, but let’s assume there was a higher uptake and make it $500M for 50% off per year, or 1B for free public transport per year.
We could have free public transport for everyone for 22 years for the price of this one road.
In the article they came up with a few other things 22B would buy:
It buys a hell of a lot of post-parliamentary corporate directorships.
We really need a better way of managing this risk. I don’t have any suggestions but the blatant bribery is a pretty big problem to democracy.