Can someone please help answer these 3 questions:
1. If construction/project costs of new Queen’s Wharf project are in the order or $3.6 bil - given that it’s a joint venture with that Far East Consortium, does that mean that all construction/ project costs are split 50/50?
2. Similar to above, once Queen’s Wharf is up and running, supposedly as of August with their staggered opening, does that mean profits produced will be split with Far East also? If so does anyone know the exact arrangement i.e how long do they share profits? What do Far East contribute after construction?
3. Which line item of which report from last week denotes half yearly expenditure of construction costs? Knowing that construction costs often blow out at the back end of a project, just trying to understand how much of these blow-out costs have already been declared in reports we’ve seen vs how much of these costs are still going to hit the books in future reports.
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- Ann: Media Release - H1 FY24 Financial Results
Ann: Media Release - H1 FY24 Financial Results, page-12
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