They definately are delaying to avoid spending the money. But there will never be a better time to commit to such a large project.how good is he wrote: ↑Mon Jul 20, 2020 2:15 pmIm wondering if they are stretching it out because of funding? I know the Fed Govt committed $5b but if the total estimate is $11b (seemingly ridiculously high), are they stalling until they can afford it? I mean they have also committed to other big billion dollar projects like the New W&C so how much has the State Govt got left to spend on top of the $30b debt (and likely falling revenues)?
https://www.google.com.au/amp/s/amp.ade ... 0505a424a6
1. Cost of borrowing is at record lows.
2. Unemployment is high (more workers, lower cost)
3. The federal government is throwing money at infrastructure like drunken sailors on shore leave.
4. Government funded infrastructure will lead to a reduction in unemployment in the near term, and much better efficiency in the long term when things pick up.
In his announcement all Knoll could point to was what "we" had opened...presumably he meant "we" as the state...not the Libs, because all the things "we" have opened are the Northern Connector (Labor), and soon Darlington (Labor), and Regency progressing (Really a Labor initiated project).
It just annoys me that at these press briefings and releases, they are not held accountable and these things pointed out. When the Federal government announced the next lot of funding, the N/S Adelaide motorway will not be considered if they are not careful, because they will still be pfaffing around with soil testing. The constant delay is also now allowing the oposition to start playing politics with the project, rather than just sticking with their original proposal (fair enough), which was to be the fastest and most cost effective option anyway.