DBCT Capex is planned - and therefore no surprise to the market - and de-risked due to to take or pay contracts already in place. I think divs may be reduced for 1st half of FY09 but this won't be announced till August and it won't be because of the planned capex for DBCT. An incident like the Varanus Island explosion that derailed BBP is more likley to cause a sooner reduction in divs IMO. I note also that Transurban has been involved in the Lane Cove Tunnel disaster - they are the tolling and customer service provider for Connector Motorways, who own and operate the Lane Cove Tunnel in Sydney. So far as I know BBI have not had any disasters associated with their assets that haven't already been factored into the price ie the flooding in QLD that delayed the final stage of DBCT.
All IMHO of course! Please DYO.
BBI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
