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Westgate Tunnel Cost Blowout Haunts Andrews, page-7

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mogga

57,372 Posts.

1322

09/08/21

11:09

Post #: 55135067
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Originally posted by daicosisgod ↑

Transurban today confirmed that its costs for the Daniel Andrews Tunnel under the Yarra have blown out to $3.3 billion. Transurban also said that the contractors claims are even higher. Refer slide # 14-16 in todays presentation.

Mediation is bogged down, Transurban is confident in its own position and the whole process is a quigmire.

This is now a major financial headache for Transurban, its auditors and shareholders.

Let's listen to the defeaning silence from Spring Street, or perhaps the howls of someone locked in the foetal position.

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Hold my beer daicos
Just wait till the NEL comes along

It is going to be a PPP so we'll probably never know what the over-runs will be
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