‘Reckless public spending’: Coalition’s extra $126m for Queensland dam draws fire
by Ben Smee from on (#5XVTE)
Money pledged without explanation for cost blowout as some investors withdraw, believing Emu Swamp Dam project now unviable
A private company planning to build an $84m southern Queensland dam will be given $168.5m from the federal government for the project - prompting concerns that the extra money was allocated without proper scrutiny or due diligence.
The 2019 detailed business case for the Emu Swamp Dam, near Stanthorpe, and all formal documents for the project estimate it will cost $84m to build. The Queensland Department of State Development says the same amount.
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