10 July

Sydney’s toll roads are an epic story of how privatisation is always the gouging of taxpayers. Transurban built and runs the roads. It spent $36 billion building them. How much will it make from them, in tolls? At least $195 billion. The NSW Government could have made these public roads, paid for by the same tolls. Then we’d have only needed to pay $36 billion, minus the $160 billion of profit to private investors. But it thought the private sector was more ‘efficient’. Meaning they have chums in road building, who they wanted to help get rich, and offer them juicy jobs when they retire from politics.