Vic won’t cop huge road link bill

Daily Mail: Vic won’t cop huge road link bill: Premier 21 December 2014

Victorians will not be hit with a huge compensation bill for the stalled East West Link, Premier Daniel Andrews says.

Mr Andrews wrote to the East West Connect Partnership last week requesting a halt to work on the controversial project, which was signed off by the previous state government.

His government has now received breach notices from the consortium building the $6.8 billion road, News Corp Australia reports.

Mr Andrews said on Sunday the government was working through the matter with the East West Connect Partnership.

Asked if Victorians would be up for a massive compensation bill, the premier said: “No, I don’t think so.”
He said there had been discussions between the winning bidder and government representatives.

“We’re going to work through this carefully in a fundamentally responsible way,” he said.

Mr Andrews has said previously he received a “whole raft of legal advice” before instructing the consortium to stop work on the tunnel.

East West Link business case publicly released

15 December 2014: News coverage from ABC Victoria, Seven News Melbourne and 9 News on the (now) publicly released East West Link business case.

Especially worth watching for John Ferguson from The Australian dishing it out to ex-Treasurer Michael O’Brien.

East West Link business case finally made public

Here’s the complete list of East West Link files, just in time for lazy summer days reading stuff on the beach. (or not)

Premier of Victoria The Hon. Daniel Andrews MP: East West Link Files (Monday 15 December 2014)

Earlier version of the East West Link business case leaked by the Herald Sun (please note, pdf is 16M)

That pdf is also hosted on YCAT  just in case the HS link breaks or falls over. From my quick speed read, it appears even more convoluted than the CIS, if that was possible.

Commentary and analysis so far:

The Age: Analysis: Why the East West Link proved such a hard sell. Josh Gordon (15 December 2014)

The former government clearly went to extraordinary lengths to make the East West Link appear as though it stacked up. Using the most basic methodology preferred by Infrastructure Australia, the project was assessed as having a benefit-cost ratio of just 0.45 in March 2013. In other words, it was a dog: according to the government’s own numbers, the project involved a loss-making return of just 45 cents for every $1 spent.

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