Description
| Year | Country | Cost (AUD)
| Cost (myki)
| Comments |
Mandurah railway line
| 2007 | Australia | $960 million
| 0.64 | 70km
of new railway line connecting Perth CBD with Mandurah, including 11
stations (2 underground in the CBD). The total cost of the New Metro
Rail project was over $1.4 billion (including the purchase of a new
fleet of trains and other works): still Less Than Myki. (Ref: Transport Textbook)
|
Space shuttle launch
| 2011
| USA | $426 million
| 0.28 | Average per-mission cost of a space shuttle launch. (Ref: NASA)
|
Mars Rover mission
| 2007 | USA | $777 million
| 0.52 | Total
cost of building, launching, landing and operating the rovers on the
surface for the initial 90-Martian day primary mission. (Ref: MSNBC)
|
Construction of the new Royal Children's Hospital (Melbourne)
| 2012 | Australia | $1 billion
| 0.67 | "a world-class, 357-bed tertiary paediatric hospital with state-of-the-art facilities ... Commissioned on time and budget, it features a stunning central
atrium spanning six floors, a two-storey coral reef aquarium, a meerkat
enclosure maintained by Melbourne Zoo, interactive Scienceworks
displays, a Hoyts ‘bean-bag’ theatre and 85per cent single-bed room." [Infrastructure Partnerships Australia]
|
Construction of the Australian Synchrotron
| 2007 | Australia | $221 millon
| 0.15 | "Officially opened in July 2007, the Australian Synchrotron is one of
fewer than 40 similar facilities around the world. It is the largest
stand-alone piece of scientific infrastructure in the southern
hemisphere." (Ref: Australian Synchrotron).
|
Construction of the new Royal Women's Hospital (Melbourne)
| 2005
| Australia
| $250 million
| 0.17
| "The Royal Women's Hospital is Australia's largest specialist hospital dedicated to improving the health of all women and newborn babies." (Ref:Royal Women's Hospital)
|
NASA Kepler telescope for extra-solar habitable planet discovery | 2009 | USA | $570 million | 0.38 | "The Kepler Mission life cycle cost is approximately $600 million. This includes the design, construction, launch and operation of the spacecraft as well as the scientific analysis of the data." (Ref:NASA Kepler FAQ) |
Victorian Comprehensive Cancer Center | 2012 | Australia | $1 billion | 0.67 | The VCCC is still under construction, but will feature: 160 overnight inpatient beds, 42 bed ICU, 110 same-day beds, clinical trials unit with 24 places, over 25 000 square metres of speciaised research space, 8 operating theatres, 8 radiation therapy bunkers, and space for hundreds of researchers. (ref: VCCC Project) |
Endowment of the University of Melbourne | 2011 | Australia | $1.1 billion | 0.73 | Currently ranked the best university in Australia, and consistently ranked one of the best, the "sandstone" University of Melbourne has one of the largest endowments of any Australian university, valued at $1.1 billion in 2011. (ref: wikipedia, University of Melbourne, University of Melbourne 2010 investment report) |
London Stansted Airport | 2012 | England | $1.5 billion | 1.0 | According to the Wall Street Journal, Stansted aiport has been valued at "up to" 1 billion UK pounds ($1.5 billion Australian dollars). It is the 3rd busiest aiport in London, serving 17.8 million passengers per year, 14 airlines and over 150 destinations, and with 11 000 sqm of retail space. (Ref:Wall Street Journal; Stansted Airport) |
Airbus A380 | 2012 | multinational | $370 million | 0.25 | The Airbus A380 is the world's largest passenger aircraft. The average 2012 list price of an Airbus A380-800 is USD 389.9 million. (Ref: Airbus aircraft list prices 2012) |
Burj Khalifa | 2010 | United Arab Emirates | $1.425 billion | 0.95 | The Burj Khalifa (formerly Burj Dubai) is a skyscraper in Dubai that is the tallest manmade structure in the world. (Ref: wikipedia) |
Tokyo Skytree | 2012 | Japan | $766 million | 0.51 | The Tokyo Skytree is the second tallest structure in the world. (Ref: wikipedia) |
Cubbie Station | 2012 | Australia | $350 million | 0.23 | Cubbie Station is Australia's largest cotton farm, being sold for "between $320 million and $350 million". According to Barnaby Joyce it is "Our biggest agricultural asset, our biggest farm in value, our biggest hold of water licence, a property responsible for ten per cent of our nation's cotton crop". According to a rather more credible and reliable source (wikipedia) it is the largest privately owned irrigation property in the Southern hemisphere, and its own website says it is 93 000 hectares in area (Ref: ABC News; Cubbie Station; wikipedia) |
50 new trams | 2013 | Australia | $800 million | 0.53 | The Melbourne tram procurement program to build 50 new trams and associated infrastructure [yes you and I might think that a ticketing system is just some 'associated infrastructure' that you bolt into a tram for an extra few thousand dollars - kind of like a cupholder or CD player in your car - but not in Myki World], upgrade route 96 and upgrade the Preston workshop and Southbank depot is only supposed to cost $800 million. (Ref: Public Transport Victoria) [Note PTV has nothing to do with myki, which is so "special" it has a dedicated authority packed with "directors" and "executives" just to "manage" myki - it doesn't actually do anything itself either, it is all contracted.] |
Net assets of Victoria Police | 2011 | Australia | $1.188 billion | 0.79 | The balance sheet for the Victoria Police in their annual report 2011 lists their net assets as $1 188 055 000. (Ref: Victoria Police Annual Report p.106 [also get this if you subtract liabilities from assets on p.25]). |
Total assets of Ford Motor Company of Australia Limited | 2011 | Australia | $1.5 billion | 1.0 | "Ford Motor Company of Australia Limited is a large public company with annual revenues of $2.8 billion and assets of $1.5 billion at last count. It is also an economically significant company to the Geelong region of Victoria." (Ref: The Age).
|
Portfolio of 70 Woolworths supermarkets | 2012 | Australia & NZ | $1.4 billion | 0.93 | "RETAILER Woolworths today will launch its $1.4 billion Shopping Centres Australasia Property Group covering 70 marketplace supermarkets, including New Zealand stores." (Ref: The Sydney Morning Herald). |
Largest donation ever made for Australian university scholarships
| 2013 | Australia | $50 million | 0.03 | "A DESIRE not to "poison" his own children with wealth has led a businessman to pour a whopping $50 million into the education of strangers in the largest donation ever made to Australian university students. Twenty-five undergraduates will score scholarships worth up to $100,000 each over the next five years - creating 125 scholarships all up over that time. The scholarships are set to run in perpetuity over the next 20 years." (Ref: Herald Sun) |
Market capitalization of JB Hi-Fi | 2013 | Australia | $1.2 billion | 0.80 | JB H-Fi is a retailer of TVs, computers, whitegoods, stereo equipment, portable audio devices, digital cameras, music, movies and computer games, with over 150 stores around Australia. It is the number one retailer of Apple hardware products in Australia, selling more than Apple retail stores. JB Hi-Fi reported a half-year profit of $82 million for the half-year ending December 2012. (Ref: The Weekend Australian 16-17 January 2013 [not online]; JB Hi-Fi half-year report for the half-year ended December 31 2012; wikipedia) |
F35 Joint Strike Fighter | 2012 | USA | $225 million | 0.15 | Unit cost for each F-35C (including weapons systems). Bearing in mind that the Joint Strike Fighter program is the world's most expensive defense program (total cost $395.7 billion USD) with notoriously bloated prices and infamous cost overruns. Yet the unit price of a fully equipped F-35 is still only 0.15 myki, i.e. less than 1/6th of the cost of a bad tram ticketing system. (Ref: ABC TV "Four Corners"; wikipedia) |
Record-breaking annual fundraising by Stanford University | 2012 | USA | $983 million | 0.66 | "STANFORD University has set a new record in tertiary education fundraising in the US, becoming the first institution to collect more than $US1 billion ($A970.69 million) in a single year." (Ref: The Australian)
|
Total annual budget of the Australian Research Council | 2012 | Australia | $915 million | 0.61 | The Australian Research Council (ARC) is the Australian government agency that funds research in all Australian universities. In 2011-2012, the ARC funded 1761 projects via National Competitive Grants Program worth a total of $741.8 million (0.49 myki). (Ref: ARC Budget 2012; ARC Annual Report 2011-2012) |
Victorian Life Sciences Computation Initiative (VLSCI) | 2008 | Australia | $100 million | 0.07 | VLSCI provides a "high performance computation facility accessible to all Victorian Life Sciences researchers and staffed by technical experts who will maximise the user experience. The Facility is now operating at over 855 teraflops". VLSCI has 3 supercomputers: an IBM BlueGene/Q with 65536 PowerPC based cores and peak performance of 838.86 teraFLOPS, an SGI Altix SE cluster with 1088 Intel cores and peak performance of 11.6 teraFLOPS, and an IBM iDataplex x86 cluster with 688 Intel cores and peak performance of 7.3 teraFLOPS. In June 2012, VLSCI's BlueGene/Q was Australia's fastest supercomputer and was ranked 31 on the TOP500 world list of supercomputers. (Ref: VLSCI; TOP500) |
National Computational Infrastructure (NCI) | 2012 | Australia | $100 million | 0.07 | Overtaking VLSCI's BlueGene/Q, the National Computational Infrastrcuture's Fujitsu Primergy Supercomputer is now the fastest in Australia and number 24 on the TOP500 list (November 2012). "The supercomputer has approximately 57,500 cores, 160 TBytes of main memory, and 12 PBytes of disk – comparable in scale to about 30,000 desktop computers working together in parallel – and capable of achieving an internationally competitive peak performance of 1,200 TFlops. " Note that the $100 million is the total cost of the whole NCI infrastructure - the actual supercomputer is only $26 million (0.017 myki). (Ref: NCI; CIO magazine; TOP500 [Nov. 2012]) |
Total annual research expenditure at Walter and Eliza Hall Institute (WEHI) | 2012 | Australia | $89 million | 0.06 | "The Walter and Eliza Hall Institute is home to more than 650 researchers who are working to understand, prevent and treat diseases including cancer, particularly blood, breast, lung, ovarian and colon cancers; chronic inflammatory diseases such as type 1 diabetes, rheumatoid arthritis and coeliac disease; and infectious diseases such as HIV and malaria." Another way to look at it: the net assets of WEHI are $364 million (0.24 myki). So 1 myki is enough to buy all of WEHI's assets and still be able to pay for its research budget for more than 12 years. (Ref: WEHI 2011/2012 annual report) |
Amount of money allegedly defrauded by allegedly corrupt members of NSW alleged Government in alleged "corruption on a scale probably unexceeded since the days of the Rum Corps" (allegedly)
| 2013 | Australia | $100 million | 0.07 | Findings of the Independent Commission Against Corruption (ICAC) include allegations that the Obeid family benefited by an allegedly corrupt tender process in such a way as to profit by 'up to $100 million', in 'corruption on a scale probably unexceeded since the days of the Rum Corps'. Or to put it another way, the largest scale corruption in government in NSW history (allegedly) only robbed the people of the State of NSW of 0.07 myki. (Ref: ABC News, Sydney Morning Herald) |
The City of Melbourne's top 10 properties | 2013 | Australia | $1.19 billion | 0.79 | The value of the City of Melbourne's top 10 property holdings: Royal Park, Fawkner Park, Fitzroy Gardens, Kings Domain, Princes Park, Melbourne Town Hall, Queen Victoria Market, Council House, Flagstaff Gardens, Birrarung Marr is $1.191 billion dollars [from the table in the paper edition of the Weekend Australian Sept. 14-15 2013, p.38; table not online, original figures from Melbourne City Council to be released in annual report]. According to The Australian, even the total of the top 20 properties is "close to $1.5 billion". In other words, if the City of Melbourne sold all of its top 20 properties (including the Town Hall, Royal Park, etc.), that would still not be enough to pay for the myki debacle. (Ref: The Australian) |
Estimated current value of the Empire State Building | 2013 | USA | $1.48 billion | 0.98 | "By contrast, New York's 102-storey Empire State Building has a price tag of $US1.4bn ($1.48bn)". (Ref: The Australian) |
Largest donation ever made to Australia's higher education sector | 2013 | Australia | $65 million | 0.04 | "MINING magnate Andrew Forrest will tonight announce one of the biggest philanthropic donations in Australia's history: a cash gift of $65 million to fund research at five universities ... It will rank as one of the biggest made to Australia's higher education sector, eclipsing the $50m that billionaire Graham Tuckwell donated to the Australian National University earlier this year." (Ref: The Australian) |
NASA MAVEN Mars spacecraft | 2013 | USA | $712 million | 0.47 | "NASA has launched its unmanned MAVEN spacecraft toward Mars to study the Red Planet's atmosphere for clues as to why Earth's neighbour lost its warmth and water over time. ... The flawless liftoff of the $US671 million ($712m) spacecraft kicked off the 10-month journey to the Red Planet." (Ref: The Age) |
Fleet of five new air ambulance helicopters | 2014 | Australia | $550 million | 0.37 | "Ambulance Victoria's helicopter fleet will be replaced with a set of faster, larger aircraft that can travel longer distances without refuelling. Health Minister David Davis said the new helicopters would be quicker to transport patients from rural areas to major trauma centres, bringing time-critical patients more than 250km away into Melbourne in less than an hour. ... The upgrade will cost the Victorian government an estimated $550 million." (Ref: The Age) |
Total loss due to personal fraud in all of Australia | 2011 | Australia | $1.4 billion | 0.93 | "It is estimated that a total of 1.2 million Australians aged 15 years and over were a victim of at least one incident of personal fraud in the 12 months prior to interview in 2010-11 ... Australians lost $1.4 billion in 2010-11 due to personal fraud." (Ref: Australian Bureau of Statistics) |
Total revenue earned by CSIRO from WLAN (WiFi) patent over 17 years | 2013 | Australia | $430 million | 0.29 | "Patented in 1996, WLAN, or WiFi as it is commonly known, is now installed in an estimated five billion devices such as laptops, phones, cameras and games consoles. ... CSIRO has license agreements with 23 companies, representing around 90 percent of the industry, with total revenue earned from this technology now more than $430 million." (Ref: IP Australia) |
Coopers Brewery | 2014 | Australia | $500 million | 0.33 | Coopers is Australia's third-largest beer group, with a national market share of 4.5% of the beer market. It is the last large Australian-owned beer group, and has existed for over 150 years. Coopers is an unlisted public company, valuing itself at $500 million in a current (2014) share buyback. (Ref: The Age, Coopers) |
Construction of new estate with 11 apartment towers, more than 2800 new apartments. | 2014 | Australia | $738 million | 0.492 | A new estate in Fisherman's Bend is to be developed, including 11 apartment buildings, each up to 30 storeys tall, new laneways and streets in a grid network. More than 2800 new apartments will be built. The construction is worth $738 million. (Ref: Herald Sun) |
Market value of Virgin Australia airline | 2014 | Australia | $1.459 billon | 0.97 | According to Wikipedia, "Virgin Australia Airlines, formerly Virgin Blue Airlines, is Australia's second-largest airline as well as the largest by fleet size to use the Virgin brand". According to Bloomberg the market capitalization of Virgin Australia is $1458.65 million (6 September 2014). (Ref: Bloomberg, wikipedia) |
India's Mangalyaan Mars satellite | 2014 | India | $78 million | 0.05 | According to the BBC, "India's space programme has succeeded at the first attempt where others have failed - by sending an operational mission to Mars.
The Mangalyaan satellite was confirmed to be in orbit shortly after 0800, Indian time. It is, without doubt, a considerable achievement." (Ref: BBC) |
One of Australia's most expensive defence fiascos | 2008 | Australia | $1.4 billion | 0.93 | "In one of Australia’s most expensive defence fiascos, 11 Seasprites were ordered by the Howard government in 1997 but serious flaws in the helicopters saw the project delayed by seven years before it was scrapped in 2008 at a cost of more than $1.4bn to the taxpayer." (Ref: http://www.theaustralian.com.au/national-affairs/defence/missiles-go-cheap-defences-fire-sale/story-e6frg8yo-1227118855979) |
London's iconic "Gherkin" building | 2014 | UK | $1.32 billion | 0.88 | "A BRAZILIAN billionaire has just snapped up the Gherkin, one of the most recognisable office towers in London’s skyline. ... Joseph Safra’s Safra Group has purchased the tower, more formally known as 30 St Mary Axe. The price was not disclosed, but sources close to the transaction said it went for more than £720 million ($1.32 billion)." (Ref: The Australian) |
Eight new X’Trapolis trains | 2014 | Australia | $176.1 million | 0.12 | "The 2013-14 State Budget includes $176.1 million for a new order of eight X’Trapolis trains, to be fitted out by Victorian train manufacturer Alstom in Ballarat. The first train from this new order is expected to enter service in 2015." (Ref: PTV) |
43 new VLocity carriages for the V/Line regional network | 2014 | Australia | $207 million | 0.14 | "A $207 million order has been placed for 43 new VLocity train carriages for the V/Line network. The new V/Line carriages are being built by Victorian train manufacturer Bombardier at its Dandenong South factory." (Ref: PTV) |
New University of Melbourne Architecture building | 2014 | Australia | $129 million | 0.086 | "Designed in collaboration with Boston-based practice NADAAA, the $129 million, 15,700sqm building has also been awarded a 6 Star Green Star Education Design rating, becoming the only building to be awarded all 10 innovation points under Green Star." (Ref: Architecture & Design)
|
iiNet, Australia's second-largest fixed-line telecommunications company | 2015 | Australia | $1.4 billion | 0.93 | "TPG Telecom on Friday said it will acquire the Perth-based telco for $8.60 a share, in a friendly transaction that values iiNet at $1.4 billion. The transaction would give the newly combined company about 1.7 million retail fixed-line internet subscribers, which would only trail telco giant Telstra’s 3 million retail fixed broadband subscriber base" (Ref: Australian Financial Review) |
Sydney Hilton hotel | 2015 | Australia | $450 million | 0.30 | "CHINESE investment house Bright Ruby is set to make its largest Australian property acquisition with the purchase of the opulent Hilton Hotel Sydney for more than $450 million. The investment house has won preferred buyer status to acquire the famous Sydney five-star property in the heart of George Street ... may set a price record for an Australian hotel if it beats the recent sale of Sydney’s Sheraton on the Park. Chinese insurer Sunshine Insurance Group paid a record $463m [0.31 myki] for Sydney’s Sheraton on the Park hotel late last year." (Ref: The Australian)
|
New Horizons space probe | 2001 - | USA | $684 million | 0.46 | "New Horizons is an interplanetary space probe that was launched on January 19, 2006, as part of NASA's New Frontiers program ... The cost of the mission (including spacecraft and instrument development, launch vehicle, mission operations, data analysis, and education/public outreach) is approximately $650 million over 15 years (2001–2016)." (Ref: Wikipedia)
|
Australia's largest dairy farming business | 2016 | Australia | $280 million | 0.19 | "Treasurer Scott Morrison has approved the $280 million sale of Australia’s largest dairy farming business to the Chinese-owned Moon Lake Investments. ... VDL, which dates from 1825, owns and operates 25 dairy farms in Tasmania, milking some 18,000 cows." (Ref: The Conversation) |
Largest donation in the history of the University of Sydney | 2016 | Australia | $35 million | 0.02 | "The University of Sydney will receive a $35 million donation to build part of a new health precinct, the largest donation in the university's history." (Ref: The Sydney Morning Herald)
|
Australia's largest single single landholding, S. Kidman & Co.- almost 1% of Australia's land area | 2016 | Australia | $370 million | 0.24 | "Scott Morrison has outraged investors and sparked warnings about Australia’s $120 billion trade relationship with China by preparing to block a foreign bid for the nation’s largest single landholding, the S. Kidman & Co cattle empire. ... ownership of almost 1 per cent of Australian land. ...It would also mean the Kidman family would get much less than the $370 million price tag offered by Dakang." (Ref: The Australian) |
Juno spacecraft Jupiter mission | 2011 - 2016 | USA | $1.2 billion | 0.79 | "The Juno mission investment is $1.13 billion in total. This cost includes spacecraft development, science instruments, launch services, mission operations, science data processing and relay support for 78 months." (Ref: JPL). |