It turns out East West Link could cost Victorian taxpayers $221 million more than the Andrews Government previously admitted.
New costs have already increased by $26 million this year while the total amount of taxpayer money wasted on a non-existent road could now rise to $861 million.
The reports and cost are related to the setting up of a deal done with the consortium contracted to build the toll road. More money was spent on geotechnical work, the settlement with the consortium, and costs to take on a multi-billion loan.
Meanwhile, Treasurer Tim Pallas blamed worsening financial situations in China and Greece for the increase in the government’s liability.
Source: Herald Sun