medibank private float, page-46

LongNow,

as I said in my intitial post as long as the benefits of the infrastructure spend outways the benefit of maintaining Medibank.

I heard the sale price to be aroung $5b. I agree $2b is not enough.

Just the total West Connex in Sydney is $10-$13b. While the majority will be debt funded, some equity is needed. According to Infrastructure Australia they model on 15% equity to 85% debt. Just this project and the many around Australia will eat the $5b as equity pretty quickly IMO.

Cheers