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…
Tag: Transurban
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…
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…
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…
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…
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…