Investors crushed under dodgy infrastructure

Woefully inaccurate traffic forecasts have led major Australian infrastructure projects to plunge in value – and this type of risk is par for the course.

The story of toll roads operator Brisconnections whacked into administration is a warning about bad infrastructure projects that no one wants, inappropriate funding models and wildly optimistic traffic forecasts. It’s the same pattern played out with other big infrastructure investments – think Sydney’s Lane Cove and Cross City tunnels, which initially collapsed into receivership, and Brisbane’s Clem Jones tunnel which went into administration. According to a new global study, this might be par for the course.

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