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…
Tag: debt
Car addicted Sindney destroys bus ramp near rail hub as tollway debt increases 60 pct at least
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…
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…