00:00It's an issue hard to ignore. The first stage of the suburban rail loop is estimated to
00:07cost more than $34 billion.
00:10Faster and more convenient travel for all Victorians.
00:14But there's little detail.
00:16Do you really want to sink a generation's worth of infrastructure spending on this project
00:21that we don't know that much about?
00:23The Federal Government has committed $2.2 billion to the proposal.
00:27You must be so proud.
00:30But a newly released audit into that commitment has found that the Commonwealth won't hand
00:34over the cash until the Victorian Government provides more information on the SRL's viability.
00:41They want a project proposal report and those aren't forthcoming.
00:45We're awaiting the project valuation report from the State Government and we'll make those
00:51investment decisions from there.
00:53But as far as the Victorian Government's concerned, it's full steam ahead.
00:57We have a commitment by the Federal Government for $2.2 billion.
01:01We are working on that basis.
01:04The Victorian Government has until the end of the year to provide Canberra with the information
01:08it needs.
01:09But new research commissioned by the Property Council has revealed that voters are unenthusiastic
01:15about the suburban rail loop and their primary concern is housing affordability.
01:20From the research we've done, the suburban rail loop is a nice-to-have but not a must-have.
01:25We have called for these major projects to be reviewed and the timing to be reconsidered.
01:32What I would say to that is that the SRL is itself the nation's biggest housing project.
01:38A project continuing to divide opinion.
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