Kevin Davis: the cost of this morning’s Metro rail debacle is $12 million


Published in The Age, 27 July at 3:21 PM by Megan Levy and Clay Lucas

The Australian Centre for Financial Studies’ Research Director, Kevin Davis estimates that this morning’s rail meltdown may have cost Victoria’s economy at least $12 million in lost productivity. Over 400,000 train commuters were affected by the outage and delays of more than an hour on 15 of the city’s 16 train lines during peak hour.

How did Kevin come up with these figures? Read more