Westconnex is claimed to become the “biggest infrastructure project in Australia” which must make sense at least until 2053, 30 years after its planned completion. Governments and financial institutions assume that for…
Category: Motorways
Sydney motorists pay 22 % more tolls for motorway widening
For a modest traffic increase of 3% motorists in Sydney’s North West pay 22% more tolls after the M2 was widened from 2 lanes to 3 lanes and additional ramps were built….
Melbourne’s East West Link tunnel proposal has low benefit cost ratio and high oil price risk
According to the State government of Victoria’s “short form business case” a proposed road tunnel in Melbourne has only a benefit cost ratio of 1.4, a number which is classified as “low”…
Brisbane Airport Link: at the end of the road tunnel investor money flies away (part 2)
Only 2 weeks after NSW infrastructure boss Nick Greiner could not answer the question how toll-way debt in Sydney can be paid back, the answer comes from another Australian capital city: never….
No debt repayment plan for Sydney’s toll-ways
At a recent ITLS seminar, Infrastructure NSW’s chairman Nick Greiner could not show calculations how Sydney’s existing toll-way debt, not to mention future debt from proposed new toll-ways, will ever be paid…
Wanton destruction of bus ramp in Sydney continues
Demolition work on the M2, to make way for a 3rd car lane 9/12/2012 While the Middle East is falling apart, with yet unknown consequences for oil supplies, only 3 tanker weeks…
Australian Infrastructure bosses want more traffic on motorways
In April 2009, in an energy white paper workshop in Sydney’s Crowne Plaza the participants were told not to debate peak oil but agree on an objective “Away from oil”. 3 1/2…
Transurban does not pay back its debt
Transurban – just like Greece – does not pay back its debt. They are jost rolling over debt, but not paying it back. Come the next credit squeeze and the game is…
Brisbane Airport Link: another tollway miracle of growing debt and assumed traffic growth (part 1)
Summary Brisconnections’ Airport Link is based on a financing model with increasing debt until 2026 and repayment of debt only after 2035. In the context of the evolving debt crisis – which…
Ghost traffic on US tollway hits peak oil ignorant banks and investors
The Pocahontas tollway South of Richmond, Virginia, is the latest example how the combination of embellished traffic projections and a weak economy – caused by high oil prices – have resulted in…