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"This is now a major financial headache for Transurban, its...

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JonnoH

16,319 Posts.

5

09/08/21

11:18

Post #: 55135428
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Originally posted by daicosisgod: ↑

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.

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"This is now a major financial headache for Transurban, its auditors and shareholders."

Sounds like they underbid for the project. What's the problem?
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