Counting the cost of megaprojects
Cost overruns already identified in just six current megaprojects exceeds a head spinning $26b. That’s one of the forensic and compelling observations made by Grattan Institute Economist, Marion Terrill at the MTF April meeting.
Looking at infrastructure projects over the past two decades, she has found that megaprojects are claiming the majority of government largess. Alarmingly, megaprojects tend to overrun by mega amounts – creating significantly higher bottom lines than intended.
Headlines from MTF Strategy survey
Thanks to the 20 councils that completed their survey responses. The strategic ABCs correlated strongly with council priorities.
Hear Jonathon on podcast
MTF Chair Jonathan Marsden was interviewed on our strategic priorities for the 7 April edition of Local Government News Roundup
“Cost overruns already identified in just six current megaprojects exceeds a head spinning $26b”
Marion Terrill, Grattan Institute
Melbourne Airport: Master Development Plan consultation and 3rd Runway Project
Four members of the DoT Active Transport Team discuss the learnings from the recent pop-up cycle lanes in Melbourne and suburbs.
The Grattan Car Plan: practical policies for cleaner transport and better cities.
Presented by Marion Terrill, 2 March 2022.
Moving Forward Together: Advancing Safe, Inclusive and Resilient Streets. A presentation by Melissa and Chris Bruntlett, noted Canadian / Dutch cycling ambassadors.
Freight Victoria’s presentation on the fascinating topic of freight planning was the highlight of the December MTF meeting.
Victoria Walks’ Duane Burtt presented the latest results of research into pedestrian crashes to the MTF November meeting.
Presentations by Peter Kartsidimas and Neil France from Infrastructure Victoria focused on the transport themes in their newly released 30-year Infrastructure Strategy.
Talk the walk and walk the talk with our new walking ambassador
July's meeting featured two fascinating presentations on cycling in the city, including new research that shows more interest in bike riding than previously documented.
Minister for Public Transport, Roads and Road Safety, Ben Carroll MP, was the guest presenter at the June MTF meeting.