Top business executives have called for a radical improvement in government planning for new infrastructure projects after a huge blowout in the cost of Snowy 2.0 that threatens to render the flagship green energy project uneconomic and sharply inflate public spending on the transition.
After the cost of Snowy 2.0 ballooned to $25 billion , more than 10 times the initial estimate, industry heavyweights blamed undercooked planning and “announcement fever” under the Turnbull government when the project was first announced for the huge cost overrun.
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