What should now happen in the current drought of big projects is that Government should ASAP put the project to market and see how hungry the big companies are for work.
Funding wise based on a $ 9bn cost then State has already committed to $ 3bn, and seeks $ 3bn from private sector and $ 3bn from the Feds .
In the case of the Feds Tony Abbott will not be PM at the next Federal election, and the Co alition highly un-likely to be returned in 18 months, so see that as only a short term issue.
Private involvement of $ 3bn highly likely with the Property Development opportunities the project will open up . Metro as operator of MTR has huge expertise here that Governemnt should be leveraging .
What should now be happening is to fine tune the scope to fit within a $ 9bn project cost, rather than just let the cost blow out .
We want a good workable Metro option, NOT a Rolls Royce option . We need to be going to market ASAP whilst there is such low construction activity, whilst potential builders are hungry for work .
Ideally Metro Rail should be built under the same business model as RRL, which saw the project delivered in full a year early, significantly under budget and with minimal industrial disruption .
In a worst case scenario Daniel Andrews needs to have made a substantial start on Metro Rail by 2018 election, or it will seal his fate as another One Term Premier, and risk wasting $m again in planning only for the Co alition to go back to their Claytons tunnel .
Finally Government should explore all options to fund the railway, like a levy on ratepayers who benefit from the new railway, from businesses who benefit from the new railway, a surcharge on all pax trips passing through the new tunnel etc . Congestion tax charging for all cars entering the CBD etc .