It’s just been announced that WestConnex users will be paying tolls for 43 years, including the bits that are currently free.
Put simply, WestConnex is horribly expense.
It’s not a telephone number. It’s the estimated cost of building WestConnex. Fifteen billion dollars.
Someone has to pay for it.
WestConnex will be able to carry maybe 100,000 drivers a day.
The interest bill alone has been estimated at $630 million. Dividing that between 100,000 drivers a day, 365 days a year, means each driver needs to pay $17, just to pay the interest.
And if business is going to touch it, they’ll want to do a lot better than just paying off the interest.
WestConnex is a seriously bad investment. There are better alternatives.