Part 4/10:
Skyrocketing Costs in Energy Infrastructure Projects
One of the central topics discussed was the rising costs associated with major energy projects, particularly the VNI West transmission line project connects New South Wales with Victoria. The project's initial estimate stood at $3.2 billion but has since ballooned to a forecasted $7.6 billion, with potential total costs reaching as high as $11.4 billion due to a range of 30% lower to 50% higher in estimates.