The Victorian government is not budging on its refusal to build the East West Link and is pouring cold water on Treasurer Josh Frydenberg's promise to remove a level crossing in Kooyong.

Two projects the Morrison government is keen to get under way are the East West Link and the Kooyong level crossing removal, for which it promised $4 billion and $260 million respectively.

But Victoria's Transport Infrastructure Minister, Jacinta Allan, insists that East West Link doesn't "stack up" and there is not enough money for the Kooyong project.

How the East West Link could look.

"The results on Saturday don't change our position on that project, that it is a road project that doesn't stack up. It's got a business case that demonstrates that very very clearly," she said of East West Link, a toll road the state government spent more than $1.1 billion to remove in 2015.