The now premier was told in March the Commonwealth Games would cost at least $4.5 billion, with the original business case slammed as never reflecting the true cost.
Premier Jacinta Allan was warned four months before abandoning the 2026 Commonwealth Games that almost $2 billion extra would be needed to host the event in five regional cities in Victoria.The statement is due to be presented to an upper house inquiry on Monday. Department secretary Tim Ada is expected to step through the timeline.
“An updated gross budget estimate of $4.5 billion was not approved, with the department asked to further explore opportunities to reduce costs while still meeting the government’s commitment to host the Games in regional Victoria.” That was three months before Allan told the parliament’s public accounts and estimates committee on June 13 that the government was making “tremendous progress” on the Games. Allan last week said she was told a day later that Andrews wasThe department then began preparing a submission, which in June asked for an extra $4.2 billion to deliver the 12-day event and provided “significant cost reduction options”. Other departments had identified additional costs and risks, the submission warned.
Games-related expenditure by the Department of Jobs, Skills, Industry and Regions alone is expected to reach $200 million, on top of the $380 million compensation package and sunk costs from other departments. The government is proceeding with $2 billion worth of legacy sporting infrastructure and social and affordable housing.is a Victorian state political reporter for The Age. Previously, she was a city reporter and has covered breaking news.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
John Pesutto renews call for Jacinta Allan to front Comm Games inquiryVictorian Premier Jacinta Allan is facing renewed calls by opposition leader John Pesutto to front the Parliamentary inquiry into the cancellation of the 2026 Commonwealth Games.
Read more »
$500m and counting: Departments confirm Victoria’s growing Games cancellation billGovernment departments have tallied their spending on the now-abandoned Commonwealth Games for a parliamentary inquiry.
Read more »
Hugo Keenan’s double helps Ireland march on and knock out ScotlandIreland moved into the Rugby World Cup quarter-finals as winners of Pool B after a 36-14 win over Scotland, who are eliminated
Read more »
Interest rates: Australia’s savings buffer gone by March, consumption to take a hitFixed rate mortgages, pandemic-era savings and a hot jobs market have sheltered Australian households. But the dominoes are falling and economists worry the savings buffer is almost gone.
Read more »
How one of these Australian-made games could be the next global smashAustralian games have already taken the world by storm. But are we about to see the next Untitled Goose Game?
Read more »