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…
Category: Motorways
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…
Quick Risk Analysis for M2 Widening (part 2)
The NSW government still has not understood the risks involved when approving the M2 widening while global oil production is set to decline. Wider M2 will drive deeper into motorists’ wallets MOTORISTS…
Sydney’s RTA about to pull down public transport infrastructure (part 1)
Sindney goes backwards in public transport. Part of the M2 widening, the RTA is about to pull down a bus ramp connecting the M2 bus lanes with Epping station. This ramp will…
RTA fails to present business case for M2 widening (part 1)
In its latest document the RTA fails to present energy calculations to support a business case for the M2 widening. Banks who consider financing this project need first to find out which…
M2 widening primary energy dilemma for cars
The M2 widening proposal can be viewed here: http://www.hillsm2upgrade.com.au/ea_documents.htm We superimpose traffic forecasts from chapter 7.2.3 on page 72 with crude oil and condensate projections of Geoscience Australia Source of data: http://www.hillsm2upgrade.com.au/files/environmental_assessment/volume2_part1/techpaper1/m2ueavol2pt1ttiamainreportch6to8.pdf…
Brisbane motorists bypass the Bypass Tunnel
In a new twist of Brisbane’s road tunnel saga motorists avoid the newly opened North South Bypass Tunnel (renamed into Clem7) The original strategy of 5 TransApex road tunnels in Brisbane is…
Negative net present value for Brisbane’s Northern Link Tunnel in next oil crunch
Northern Link gets the go-ahead Brisbane City Council’s $1.7 billion Northern Link tunnel has received state government approval, paving the way for work to begin later this year….The Federal Government has chipped…