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UNCOVERED: Suburban rail loop not value for money report - The Untold Story

Suburban Rail Loop Danny Pearson Victoria

An audit of Melbourne's Suburban Rail Loop project found its benefits are outweighed by the cost. (HANDOUT/VICTORIAN GOVERNMENT)

The first stages of Victoria's mammoth Suburban Rail Loop will not provide adequate value for money, according to independent analysis.

The Parliamentary Budget Office's latest assessment on Thursday revealed every $1 spent on the first two phases would have social benefits of between just 60 and 70 cents.

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