Marion Terrill

Marion Terrill
Transport Program Director
The Grattan Institute

Marion is a leading policy analyst and former public servant who has also worked in the private sector. Her public policy experience ranges from authoring parts of the 2010 Henry Tax Review to leading the design and development of the MyGov account. She has provided expert analysis and advice on labour market policy for the Commonwealth Government, the Business Council of Australia and at the Australian National University. She joined the Grattan Institute in April 2015.

Cost Overruns In Transport Infrastructure
Title: Cost overruns on public infrastructure: how to improve estimation and management of costs

With the Australian economy sluggish, private investment subdued and interest rates at historic lows, the OECD has urged the Australian government to build new public infrastructure to boost productivity. Yet infrastructure is only worth building if the benefits outweigh the costs. Often the distortion in the claims made for Australian infrastructure projects and what they finally cost is so great that governments might have done better to have spent the money on something else.

For the first time, the Grattan Institute has analysed spending on all 836 transport infrastructure projects valued at $20 million or more and planned or built in Australia since 2001. In this presentation, Marion will outline what we can learn from the experience of the past 15 years, and what it suggests about how to improve the estimation and management of costs on public infrastructure projects.