“Today’s agreement between the Victorian Government and the East West Link consortium on costs incurred under the project’s contract resolves the immediate uncertainty over this major infrastructure investment, but serious concerns remain around the decision not to proceed with the project,” BCA Chief Executive Jennifer Westacott.
“The level of sovereign risk and uncertainty created by the decision not to proceed with the East West Link project is simply unacceptable.
“It is important that the Victorian Government now puts in place arrangements to develop, prioritise, fund and deliver infrastructure projects that ensures this situation is never repeated in the future.
“This infrastructure agenda should be detailed and ambitious and include plans to work with federal government and the private sector on delivering it,” Ms Westacott said.
For further information contact:
Scott Thompson, Director, Media and Public Affairs
Business Council of Australia
Telephone (03) 8664 2664 • Mobile 0403 241 128