ABC 0.00% $3.19 adbri limited

Ann: Revised 2019 earnings guidance, page-37

  1. 3,444 Posts.
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    Quote "Dozens of 40-year-old Gold Coast high rise apartment towers built in the 1970s face million-dollar concrete cancer repair jobs similar to the $215 million in repairs needed by Brisbane's City Hall." Yes ABC will always be around incase you worry about the chart of new projects 5 year forecast given in their report. Do a study on the amount of high rise buildings built in the 1970s that will soon need to be repaired or replaced, quote "Griffith University Head of Architecture Professor Gordon Holden warned other high rise projects had similar problems. Professor Holden said high-rise towers built in the 1970's had an average lifespan of around 40 years."
    its not bad design, its just the fact no building last forever. so there always will be ongoing projects irregardless of the state of construction because when concrete cancer occurs, "To not do so (repairs) would be negligent, with the end result being that parts of the building left without repair would be extremely dangerous, with the potential for concrete chunks falling from the building."
 
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