Contract locked in

Updated April 24 2018 - 9:42pm, first published June 8 2016 - 10:44pm

Those correspondents responding to my letter of June 2 don't appear to understand or make the distinction between the ACT government's investment decision on Capital Metro on the one hand, and the signing of a contract on the other. A contract is a binding legal agreement. It's the basis of commerce, of civil society – it's how people and businesses agree to do everything from building infrastructure, through to renting a flat. A benefit cost ratio is a simple economic appraisal tool that seeks to put a number against the benefits of doing something, minus the costs.

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