Snowy Hydro project facing 10-fold cost blow-out

AI Summary

The Snowy Hydro project is facing an unprecedented cost blowout, expected to exceed ten times the initial budget. This significant financial concern reflects the challenges in managing large-scale infrastructure projects effectively.

The operators of Snowy Hydro 2.0 are bracing for a more than 10-fold cost blowout in the mega project that is already running seven years behind the original schedule.