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.
Read a one-page headline summary
Hear Jonathon on podcast
MTF Chair Jonathan Marsden was interviewed on our strategic priorities for the 7 April edition of Local Government News Roundup
Listen now
“Cost overruns already identified in just six current megaprojects exceeds a head spinning $26b”
Marion Terrill, Grattan Institute
RECENT POSTS
# Melbourne Airport
Melbourne Airport: Master Development Plan consultation and 3rd Runway Project
Pop-up progress
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
The Grattan Car Plan: practical policies for cleaner transport and better cities.
Presented by Marion Terrill, 2 March 2022.
Moving Forward Together
Moving Forward Together: Advancing Safe, Inclusive and Resilient Streets. A presentation by Melissa and Chris Bruntlett, noted Canadian / Dutch cycling ambassadors.
Victorian freight planning and policy initiatives update
Freight Victoria’s presentation on the fascinating topic of freight planning was the highlight of the December MTF meeting.
Victoria Walks: Understanding Pedestrian Crashes
Victoria Walks’ Duane Burtt presented the latest results of research into pedestrian crashes to the MTF November meeting.
IV 30 Year Strategy and transport themes
Presentations by Peter Kartsidimas and Neil France from Infrastructure Victoria focused on the transport themes in their newly released 30-year Infrastructure Strategy.
New walking ambassador Cr Jodi Jackson
Talk the walk and walk the talk with our new walking ambassador
Study finds massive interest in cycling
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.
Build back better, together
Minister for Public Transport, Roads and Road Safety, Ben Carroll MP, was the guest presenter at the June MTF meeting.