Opinion: Costing of West Gate Tunnel is far from transparent
showed that Transurban will collect more than $37 billion in additional toll revenue out of its agreement with the state government to build and operate the West Gate Tunnel project through to 2045.
A market-led proposal regime has been around for years and it’s designed to encourage private operators to bring their best ideas and unique solutions to government.However, in considering such privately initiated proposals, governments must always ensure that the public interest is served and that taxpayer value is maximised.One of the more anticipated reports on Victorian infrastructure this year will come from the Victorian Auditor-General’s Office.
I’ve always doubted whether the project will deliver superior benefits to a connection between CityLink and the Western Ring Road that the East-West Link stage 2 would have offered. I’m clearly not alone in having misgivings. For a range of reasons, the City of Melbourne, local resident groups and communities across eastern Melbourne, who will pay higher CityLink tolls for longer despite many not using the road, have expressed strong opposition.
The proposal was submitted under a new "Market-led Proposals Interim Guideline" that the government had issued only weeks earlier in February 2015, and which replaced the "Unsolicited Proposal Guideline" that had applied to these types of proposals.
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