Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

(—) (): Obviously, the government have to look at the cost of the project very carefully and ensure that we deliver the best outcome for taxpayers that we can. The reality is that this is a project competing in a global market. We have very constrained supply chains, and we have inflationary pressures around the world, and those are affecting all major energy and infrastructure projects globally. So it is the case that we have announced that the project will focus on delivering the first cable, with discussions to continue on the second cable to be considered after cable 1 investment has been determined. As I said, even only one cable will deliver. I am advised that IEMO has said that cable 1 will deliver close to two-thirds of the total benefit of the whole project, and even with this cost increase— (Time expired)