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.
