"The Waratah was supposed to be 80 per cent based on the Millennium model, but this hadn't turned out to be the case after more than 19,000 design changes to the train."
I sleuthed that was a quote from the "Australian Business Journal" http://www.australianbusinessjournal.com.au/no-need-to-raise-equity-says-downer-edi-as-shares-tumble/
Was there anywhere in a company announcement that stated this as fact ?
However, what one might interpret as a design change, may in fact be only a question raised as to why something doesn't look exactly like it does in the book.
I am all too familiar with public-private partnerships. As an example: A public service engineer may lodge a query as to why the slots on a screw head are at a different orientation to those on the drawing. Which then requires the contractor to explain, and then another team of public servants to write a 100 page report about it. And so it goes on. It is costly to the private enterprise, but more so, extremely expensive for the tax payer.
---Dan
DOW Price at posting:
$3.61 Sentiment: None Disclosure: Not Held
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