This web-site continues to monitor the disconnect between toll-way expansions in Australia and global crude oil supplies. The latest peak-oil ignorant action in car-addicted Sydney is the demolition of a bus ramp…
Category: Motorways
M2 concession period extends into era of steep oil decline
What has been overlooked in Alan Jone’s 2GB campaign on the dumped BITRE report 117 http://ianmcpherson.com/blog/audio/jones_bitre_25-01-2012.mp3 is that concession periods of toll-ways extend far into the era of steep oil declines shown…
Sydney now beyond point of no return
Only days after the ABC TV broadcasted an interview with IEA chief economist Fatih Birol who warned that peak oil happened in 2006 and that the world should have prepared for peak…
Sydney’s RTA builds M2 exit lanes for $200 oil
This is a M2 construction work update for calendar week 5/2011. Contractors have started to build exit lanes for $200 oil just as 3 parties are now fighting for oil in Libya:…
Brisbane’s Clem7 Road Tunnel in Receivership
The 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 and the…
Money in Transurban’s cashbox not enough to complete M2 widening
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…
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…