Victoria will fund the $11 billion Melbourne Metro Rail project without federal help after taking a swipe at the "merchant banker" Malcolm Turnbull.

The 2016/17 state budget includes $2.9 billion for the twin rail tunnels under the CBD, with the rest out beyond the forward estimates. “We just can’t wait. We are deadly serious about delivering this project, and we will deliver it, with or without the federal government,” Treasurer Tim Pallas told…