re: Ann: Downer secures $200 million in furth...
From what I have read the reason Railcorp might not accept the first set would be because of safety concerns;
There are a series of critical tests that need to occur to ensure this happens and its up to Reliance Rail to deliver on this. The Government wants the new Waratah trains operating services as soon as possible, but we will not compromise on passenger SAFETY or RELIABILITY. [Minister of Transport]
Newly appointed CEO Grant Fenn replied by saying this;
""Downer has an industry-leading safety record and safety is embedded in Downer's culture. We are building an exceptional train for the people of New South Wales, and it will be SAFE and RELIABLE."
From these comments, surely he would be doing everything possible to get these trains up to standard. This is my honest opinion, I could well be wrong. I will continue to hold and hope management do not make the same silly mistakes of the past.
Cheers
DOW Price at posting:
$4.72 Sentiment: Buy Disclosure: Held
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