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Federal budget 2021: Victoria seeks more federal cash for state infrastructure blitz


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In the lead-up to the 2014 state election, then-opposition leader Daniel Andrews promised the Metro Tunnel would be built with one-third of funding provided by the state, one-third from the private sector and one-third from the Commonwealth.
One federal government cabinet minister told
The Age the Andrews government had pushed the Commonwealth for cash for the Metro Tunnel in the lead-up to Tuesday’s budget.
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The rail tunnel, which will connect South Kensington to South Yarra through five underground stations, was initially costed at $11 billion, but has blown out by $2.7 billion.
In October the state government reached a deal with the consortium building the Metro Tunnel project, Cross Yarra Partnership, which agreed to pay an extra $1.37 billion on the project. The remaining $1.37 billion will be picked up by Victorian taxpayers and is expected to be included in the state budget when it’s handed down later this month. ....

Brighton Beach , New South Wales , South Australia , North Brighton , Surrey Hills , Australian Capital Territory , Jacinta Allan , Latika Bourke , Annika Smethurst , Tim Pallas , Jessica Irvine , David Crowe , Tony Wright , Peter Hartcher , Jennifer Duke , Ross Gittins , Shane Wright , Anthony Galloway , Rob Harris , Joe Armao , Cross Yarra Partnership , Metro Tunnel , Suburban Rail Loop , Infrastructure Minister Jacinta Allan , Suburban Rail , Inland Rail ,

Tony Lombardo gets top job at Lendlease as Steve McCann retires


Lombardo gets top job at Lendlease as McCann retires
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Lendlease’s new boss Tony Lombardo will have the task of simplifying a sprawling $8.24 billion global business when he takes over the top job from long-serving chief executive Steve McCann at the end of May.
Mr McCann said on Wednesday he would retire after a dozen years at the helm of Lendlease and hand over to the former accountant Mr Lombardo, the group’s Asia head.
“Tony will commence in his new role as the group pursues its revised strategy focusing on leveraging its competitive edge in the development and delivery of large-scale, mixed-use urbanisation projects and growing the investments platform,” Lendlease chairman Michael Ullmer said. ....

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