legal opinion on disposal of shares, page-16

In fact the whole INFRASTRUCTURE INDUSTRY is nothing but a big SCAM.

One project after another falling in a heap.

The Sydney Cross City tunnel. Broke.
The Lane Cove Tunnel. Broke.
Babcock and Brown's various power, instructure "vehicles", almost broke.
Rivercity Tunnel 85% down
ConnectEast 50% down and in big trouble now.
Sydney's trains - a fiasco.

In Sydney it is going to cost more than $250m to build three kilometers of track, on flat land, next to an existing track. Converting single track to double. $250m ! How did thousands of miles of railways get built in this country 150 years ago ?

The infrastruture "business" got its start 20 years ago with scams like the M2 motorway ( actually a $2bn tax scam ), and the M4 toll which got to put a toll on a road which had already been built and paid for, to fund building a different road where the users didn't have to pay.