Nine News: Victorians react to $640m decision to scrap East West Link 16 Apr 2015
Victorian tax payers have been left $640 million out of pocket after premier Daniel Andrews struck a deal with the East West Connect consortium to walk away from the state road project.
The fallout continues after Victorian premier Daniel Andrews’ decision to scrap the East West Link toll road, which is set to cost taxpayers up to $640 million.
The public will foot a $339 million bill to the consortium behind the project for costs already incurred, while $220 million has reportedly already been spent.
A further $81 million has been paid to financiers behind the deal, but Mr Andrews said that money would be redistributed towards a Metro Rail project.
The deal to agree to scrap the proposed 18km toll road was only signed in the minutes before yesterday’s press conference, Fairfax Media reports.