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Australia Archive
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Sydney increases its oil vulnerability as strategic shifts in ME threaten global oil supplies
Posted on March 9, 2011 | No CommentsIt is unbelievable. Transurban started work on the M2 widening in Sydney by blocking access lanes for a bus ramp to a major railway station in the suburb of Epping. […] -
Brisbane’s Clem7 Road Tunnel in Receivership
Posted on February 28, 2011 | No CommentsThe Clem 7 road tunnel (North South Bypass Tunnel) in Brisbane, conceived and planned in an era of $20 oil, has been placed in receivership. After the Cross City tunnel […] -
Money in Transurban’s cashbox not enough to complete M2 widening
Posted on February 11, 2011 | No CommentsTransurban ended up with a cash balance of $370 million at end 2010. $ 275 m of that amount is money provided by banks end of last year as part […] -
Queensland Reconstruction Bonds more important than Sydney’s M2, M5 widening
Posted on January 17, 2011 | No CommentsThe Queensland Premier is calling for a re-construction task of post-war proportions. What is required is not just a re-construction but an adaptation of infrastructure to future climate change because […] -
Sydney’s M2 toll increase high above RBA inflation target (part 3)
Posted on January 5, 2011 | No CommentsLet’s calculate future tolls on the M2 toll-way. Starting point for this analysis is this news item from 26th October 2010: Roads Minister David Borger said the RTA had signed […] -
Will Transurban ever pay back its debt?
Posted on December 9, 2010 | No CommentsTransurban, a toll-way operator in Sydney, Melbourne and the US has accumulated a debt mountain of around $A4 bn. Up to now, most of the previous debt, when due, was […] -
Sydney vandalizes its own public transport infrastructure (part 2)
Posted on December 7, 2010 | No CommentsThis is part 2 of a series of posts on the willful destruction of a wonderful piece of bus infrastructure in Sydney, a bus ramp connecting 2 bus lanes on […] -
Fly, but leave your car at home
Posted on December 2, 2010 | No CommentsUnder the new policies scenario in the IEA’s World Energy Outlook 2010, chapter 3 contains a graph showing aviation oil consumption going up from a current 4.95 mb/d to 7.75 […] -
Yet more debt to finance Sydney’s toll-way expansion
Posted on November 22, 2010 | No CommentsBut will $740 million be enough to complete the M2 widening? Out of $740 million of new loans given by banks to Transurban, $465m are only for refinancing old M2 […] -
Transurban’s M7 traffic 38% less than expected
Posted on November 15, 2010 | No CommentsAccording to Transurban’s ASX press release dated 17thFebruary 2003 on the financial close of the Western Sydney Orbital, now M7 (Project debt of A$1.25 bn and A$ 980 million equity) […]