The company which produced shows like Frontline and The Hollowmen has a new political satire in development for the ABC.

The eight-part comedy series will tackle "the un-costed grand dreams and white elephants that have become the new political currency".

Rob Sitch as Tony in the political satire The Hollowmen.

That new political currency includes "desalination plants, very fast trains, broadband networks and property developments" - the stuff which typically features in political promises.

"We are all nation building," Working Dog principal Michael Hirsh told Fairfax.