‘Incredibly disappointing’: Snowy 2.0 cost blows out to $25b in biggest setback yet

AI Summary

The estimated cost of Australia’s Snowy 2.0 project has risen from AUD 6 billion to AUD 25 billion, marking a major setback for the government-backed scheme. The report describes the scale of the cost overrun but does not specify its causes.

The cost of the Commonwealth government’s Snowy 2.0 mega-project has exploded from an estimated $6 billion to $25 billion.