Raycom,

If the inland railway were just a commercial venture (with the objective of making money) then the discount rate would need to be the required commercial rate of return. But that's not what inland rail is; its purpose is regional development and lowering costs to business. The government would be imprudent and irresponsible not to use a lower rate.

Building and maintaining a railway is very much the business of government, though the trains may be privately owned and operated. If the private sector can't give better value then clearly privatisation is a mistake.

Proceeding with the NBN was a major error of judgement on the Liberal government’s part. Cancelling it and leaving everything to the private sector would've been much better than wasting billions of dollars on inferior technology that's less durable and costlier to run (and will eventually have to be replaced with FTTP anyway).

Your comments about monopoly status and cost blowouts indicate you don't understand how these things work. Monopolies tend to increase prices (because they can get away with charging more) but not costs. Though it's possible for competition to reduce costs by increasing the pressure to innovate, it's the Libs playing politics, rather than any monopoly status, that has prevented innovation in the NBN.

Under the Gillard government, NBNCo worked hard to keep costs under control, even though that led to delays (which the Libs disingenuously extrapolated). Once the Libs took over, they prevented NBNCo from using the Skinny Fibre technology that could've enabled FTTP at a much lower cost. And the one decision the Libs made that could've led to lower costs: the use of existing coaxial cable infrastructure (aka HFC) instead triggered more cost blowouts because they paid far too much for it considering the poor condition much of it was in.

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Yes of course we can, all will need is to be able to implement the right ideas.