Bridget McKenzie (Victoria, National Party, Shadow Minister for Infrastructure, Transport and Regional Development) Share this | Hansard source

My question is to the Minister for Finance, Senator Gallagher. Standard & Poor's global rating agency and Moodys have warned that the Victorian government will face a severe credit rate downgrade if it continues to progress the $200 billion Suburban Rail Loop project. The Victorian Labor government has seen $40 billion in construction cost blowouts that have required the Commonwealth—your government—to pay an additional $5 billion for existing projects in your last budget, without a single additional kilometre for road being built as a result. Minister, has the government received advice from global rating agencies about the potential impact of the Suburban Rail Loop project on Australia's credit rating, if Victoria has its credit rating downgraded or if the Albanese government provides a financial bailout for this project?