The Standing Committee on Finance and Public Administration’s final report on the Port of Melbourne’s channel deepening project was handed down recently. Findings of this report correlate closely with the findings of earlier work by EcoLarge, in particular that the benefits to the state of Victoria have been laregly overstated in the economic modelling. We believe that the channel deepening project continues to display an ever weaker business case, with largely under estimated costs, and inflated benefits – Victoria’s own concorde project.

More details at:

http://www.parliament.vic.gov.au/council/SCFPA/PtPhillip/default.html

http://www.ecolarge.com/reports