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Queensland hydro project three years late and $4bn over budget

The Queensland hydro project, known as the Snowy Hydro 2.0, is facing significant delays and cost overruns, now projected to be three years behind schedule and $4 billion over its initial budget. Originally intended to bolster renewable energy infrastructure, the project has encountered numerous challenges including geological issues, construction complexities, and the impacts of the global health crisis. The delays have pushed back the expected completion date to 2028, with costs escalating from an estimated $2 billion to over $6 billion. This has led to criticisms regarding the project's management and planning, with concerns about its economic viability and the potential for further delays and cost increases. The government and project stakeholders are now under pressure to reassess the project's scope and funding, amidst growing public and political scrutiny.

Read the Full The Australian Article at:
[ https://www.theaustralian.com.au/nation/politics/queensland-hydro-project-three-years-late-and-4bn-over-budget/news-story/5e8ca7d13a1b1f6ac0d26e7972c1d7a6 ]