Joe Hockey has no idea why he is promising $1.5B for the east-west toll road, when the problem is 85% north south traffic on Hoddle Street and only 15% takes the route of the proposed tunnel.
He takes it on trust that the State Government knows what its for! He thinks it might help productivity and ease traffic congestion and he has discussed it with his colleagues. Obviously there is no business case – just a political calculation to take funding away from public transport to shore up the eastern suburbs seats.
Listen to Jon Faine’s extraordinary post-budget interview with the shadow treasurer: http://www.abc.net.au/local/stories/2013/05/15/3759549.htm