The revised estimate for the scheme is contingent on completion by end of 2028 and may rise further if delays persist
Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcast
Snowy Hydro’s two main energy projects have had their completion costs double to almost $13bn as delays and rising costs for equipment and staff take their toll.
The giant Snowy 2.0 pumped hydro project in the Kosciuszko national park, first touted by the Turnbull government in 2017 as costing $2bn, was later revised to a cost of $5.9bn. That tally, though, has escalated to $12bn, with that estimate contingent on completion by the end of 2028.
About Author
More Stories
Peter Dutton repeatedly charged taxpayers for flights coinciding with fundraisers
Internet shutdowns at record high in Africa as access ‘weaponised’
Squatters in flood-damaged homes to be evicted and properties demolished, NSW premier says