The Cost of Constructing the Commonwealth Games Village
This report forms part of the IPA's submission to the Wilcox Review into the ABCC. Part 1 is available here.
This report reveals that contractual arrangements put in place by the Government of Victoria inflated the cost of the Commonwealth Games Village construction by 34 per cent as a result of industrial arrangements with construction unions. In other words, if the Games Village had been built using normal housing contractors, the evidence indicates that the cost of the Games Village would have been 34 per cent less than the actual cost paid for by the taxpayers of Victoria. The extra cost was around $50 million on the $144 million project.