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How Australia’s $2 Billion Megaproject Turned into a $42 Billion Disaster

2026-08-11 1 Dailymotion

Snowy 2.0 was supposed to become the giant underground battery that secured Australia’s energy future. Instead, the project has suffered massive cost overruns, years of delays and serious tunnelling problems beneath the Snowy Mountains.

In this video, we look at how a megaproject once expected to cost around $2 billion grew beyond $12 billion, what went wrong during construction, and whether Australia can still justify completing it.

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