Snowy Hydro expansion could cost $1bn more than Turnbull said, senators told
by Michael Slezak from Environment | The Guardian on (#2QDVG)
Company managers tell Senate estimates the $2bn project announced by the PM has not counted a large cost factor
The expansion of the Snowy Hydro Scheme, touted by the prime minister as costing $2bn, will likely blow out to more than $3bn, Senate estimates was told on Tuesday.
The idea of expanding the Snowy Hydro Scheme, adding 2,000MW of capacity and storage, was announced by Malcolm Turnbull in March.
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