True Cost of Queensland’s Axed Hydro Project Revealed to Be Over $36 Billion

Published on November 4, 2024

Newly elected Queensland Premier David Crisafulli has criticised the former Miles government for not being clear about the soaring costs of the proposed Pioneer-Burdekin pumped hydro scheme, which has been revealed to cost $36.77 billion, instead of the original estimation of $12 billion—three times the initial forecast. Within his first week in office, Deputy Premier Jarrod Pieter Bleijie announced the cancellation of the project. “I find it completely and utterly implausible that the former government wouldn’t have known about that,” Crisafulli told ABC Radio on Nov. 4. Before the election, former Labor Premier Steven Miles had acknowledged the project’s hefty price tag—hailed as a key component of Labor’s renewable energy strategy—but insisted it would be a sound long-term investment....

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