Suspect about $4b is for actually building the trains, at 5% EBIT margin that adds 25m per annum to EBIT for about 8 years. (Based on $1b for 20 trains in 2021 before inflation took off). Then there is about another $3b of other stuff at a guess, another $150m EBIT?? arising at various times.
Ann: Preferred Applicant - Queensland Train Manufacturing Program, page-2
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