22/10/2026
Something does not add up with the way Western Renewables Link costs were presented through the EES process.
The WRL Economic Impact Assessment used approximately $1.53 billion in development and construction expenditure.
But that figure was based on information AusNet provided to PwC in June 2024. PwC itself described it as a point-in-time estimate and noted that costs could change as AusNet progressed the project and engaged principal contractors.
Now look at what happened next.
By August 2024, AusNet had shortlisted two major construction consortia and was progressing an interactive tender process.
By December 2025, AusNet awarded ACCIONA/Genus an approximately $1.6 billion construction contract.
The IAC hearing did not finish until March 2026.
And Brookfield later described WRL as an approximately $4 billion project, while stating that AusNet had finalised the commercial framework with the Victorian Government and executed the binding construction contract in Q4 2025.
So here is the question communities deserve an answer to:
When did AusNet, VicGrid and the Victorian Government first have materially updated contractor pricing and whole-of-project cost information, and why did the EES process continue to rely on a $1.53 billion expenditure assumption originating in June 2024?
This does not prove that the EES figure was wrong when it was first prepared.
But it does raise a serious question about whether that figure remained an appropriate and current basis for the economic evidence as the EES and IAC process continued.
I asked VicGrid to explain the relationship between the $1.53 billion EES figure, the $1.6 billion construction contract and Brookfield’s approximately $4 billion project figure.
They did not answer those questions. Instead, they referred me to the independent WRL cost assessment now underway.
That assessment may tell Victorians what WRL costs today.
But there is a separate question that still needs to be answered:
What did AusNet and Government know about the changing cost of WRL during the EES and IAC process, and when did they know it?
For communities that have spent years being told this project has been rigorously assessed, that really does matter.