Transurban 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 of a…
Category: Australia
Queensland Reconstruction Bonds more important than Sydney’s M2, M5 widening
The 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 climatologists warn…
Sydney’s M2 toll increase high above RBA inflation target (part 3)
Let’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 a contract…
Will Transurban ever pay back its debt?
Transurban, 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 re-financed. There…
Sydney vandalizes its own public transport infrastructure (part 2)
This 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 the median…
Fly, but leave your car at home
Under 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 mb/d in…
Yet more debt to finance Sydney’s toll-way expansion
But 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 debt, leaving…
Transurban’s M7 traffic 38% less than expected
According 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) average daily…
Tollopoly on Sydney’s orbital
Round and round we go How that helps the money flow Or: why we always need new toll-ways Nov 11th, 11:11 hrs. The silly season has started. Time for a silly story,…
M2 widening increases Sydney’s oil vulnerability
In its final report on the M2 widening the RTA claims again that: “With reference to the M2 Upgrade project, traffic modelling across the Sydney network indicated that the proposed Upgrade would…