AS we eagerly await the release of the Capital Metro business case tomorrow it is intriguing that the treasurer of the Tuggeranong Community Council, Max Flint, has released his own analysis of the project. (Summary available online).
He projects the impact on rates to be “Average increase $684 to $990 per year per household” and concludes:
To date, the Government has understated the pre-operations costs, has not disclosed major capital cost components and has not mentioned through-life operating and logistics costs.
The Government has not addressed cost-risk which could be as high as 50 per cent for capital costs and 20 per cent on net operating and logistics costs.