The Victorian government has blamed increased building costs for the additional $837m spend, with the project now more than $3bn over its initial budget.
For reasons unknown the government and V/Line have refused to return services for the travelling public despite requests from the Ballarat and Geelong regional councils.
Member for Bendigo West, Maree Edwards, said the study has been allocated $120,000 and will examine what work needs to be done, what project could cost and what potential impacts are.