Victoria's Budget Office: Cancelling Suburban Rail Loop Would Save $21 Billion Over a Decade

On July 30, 2026, Victoria's independent Parliamentary Budget Office found that cancelling the $34.5 billion Suburban Rail Loop would improve the state's budget position by $21 billion over ten years, after $1.8 billion in contract termination costs. The costing landed as new Premier Ben Carroll declined to rule out redirecting SRL funds, weeks before a November state election.