Too late for Metro tunnels
Sydney Metro Station Concept Plan
Sydney metro – Scharp
This was my submission:
7/10/2009 Too late for Sydney Metro Tunnels
Watch that space – it costs state $300,000 a month
The state government is losing at least $300,000 a month in potential rent while a 13-storey commercial tower that was bought as part of the axed CBD Metro project remains empty.
The bill for the failed project has continued to rise since the government admitted to having spent more than $400 million on property acquisitions, construction and administration costs.
The government paid $93 million in compensation to the construction firms that tendered for the project, but most small business owners have had their claims for compensation rejected.
Call for inquiry over $500 m poured into doomed Metro
PRESSURE is mounting on the NSW government to explain to taxpayers how it soaked up $500 million of public money on the shelved Sydney Metro project.
And there are concerns the key documents related to the project could escape scrutiny now the Sydney Metro Authority is being dismantled and archiving has begun.