Brisbane Times
·australia
·1 hour ago
‘Extreme’ risk of yet more cost, construction blowouts at Snowy 2.0
Auditors warned that Australia's $12 billion Snowy 2.0 project is facing further cost and timeline blowouts due to management failures. Snowy Hydro acknowledged 'extreme' risks to costs and construction productivity, despite Energy Minister Chris Bowen's assurances of transparency. The project's budget has already soared from an initial projection of $2 billion to over $12 billion.
Summary by OZbrief · Brisbane Times
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