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Back on track

On track was a reset. The auditor could not find the rails.

We support the new steps being put in place by the new management of Snowy 2.0 to put the important project back on track.

Chris Bowen, 31 August 2023. The cost is now $12 billion. First power 2027, all units December 2028. Guardian: “put the important project back on track.” The $12 billion is “obviously very, very substantial.” Same constraints “all major infrastructure projects around the world are experiencing. That’s just a fact.”

This card files that track. It does not file “sack the minister.”

What did have a receipt:

  • ANAO: until 11 May 2023 Snowy told the shareholder departments the job was “on track” on cost and schedule. Separately, management was already reporting delivery pressures and the need for a reassessment.
  • 3 October 2025, Dennis Barnes: “we’re not going to achieve the cost target we’ve set.” He took the miss. Timeline? “Pretty comfortable.” 67 per cent complete, still December 2028.
  • ANAO, June 2026: management since the reset has been “partly effective.” “Significant deficiencies.” No agreed baseline schedule. No robust forecast of cost to complete. $11.1 billion spent at 73 per cent. October 2025 note to the auditor: expenditure “expected to exceed” the approved $12 billion; more Commonwealth support “expected” by the end of FY26. Bowen’s office, same week as the audit: “sensible recommendations.” Still: deliver it.

Grammar: back on track, $12 billion, December 2028. Logic: a reset is not a rail. Rhetoric: that’s just a fact.