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Australia’s East Link Project in Victoria will now cost A$26 billion.Australia’s tolled East Link project in Victoria has increased in cost significantly since it was first planned. The project was originally expected to come with a pricetag of US$6.25 billion (A$10 billion) but now looks likely to cost as much as $16.24 billion, (A$26 billion). This massive jump in the price for the project has been attributed to a series of factors. Materials and labour have become far more expensive, particularly in the wake of the COVID 19 pandemic. Environmental legislation has also been a factor in the increased cost. Once the new tolled highway is complete, it will connect the Eastern Freeway with the M80 Motorway. The project is expected to help reduce congestion at peak periods, cutting journey times for drivers. |
