David Van (Victoria, Liberal Party) Share this | Hansard source

My question is to the Minister representing the Minister for Infrastructure, Transport, Regional Development and Local Government, Senator Watt. The Victorian Parliamentary Budget Office says the Suburban Rail Loop would cost $36.5 billion for stage 1 and $125 billion for the full project. At Senate estimates on 28 October infrastructure department officials gave evidence the funding available for the Suburban Rail Loop included:

$11 billion from the state; $11 billion through some kind of value capture … and $2.2 billion from the Commonwealth.

The announced funding adds up to only $25 billion. In the Australian Financial Review today, Premier Andrews is quoted saying the Suburban Rail Loop is 'fully funded and under way'. Minister, what advice other than the Australian Financial Review has the Victorian government provided that the Suburban Rail Loop is fully funded?