Liberal threat to scrap ACT light rail ‘escalates sovereign risk’, Coalition says
Fin Review: Liberal threat to scrap ACT light rail 'escalates sovereign risk', Coalition says. by Phillip Coorey 16 Apr 2015 Chief Minister Andrew Barr, left, and Capital Metro Minister Simon Corbell launch the consultation on light rail designs in January. Jay Cronan The Abbott government has decried a threat by the ACT Liberals to tear up any contract for the Canberra light rail project if they win the next state election, saying it would contribute to a growing reputation for sovereign risk associated with Australian infrastructure projects. As Prime Minister Tony Abbott was excoriating Victorian Labor Premier Daniel Andrews for formally dumping the East West road link at a cost to taxpayers of $339 million, the ACT Liberals were insisting on dumping the ACT Labor government's proposed $800 million light rail project if they win the October 2016 election.