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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 10 years old. The financial performance of these tunnels was based on many untested assumptions including a continuing roll-over of debt, motorists’ preparedness to [...] 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 in $500 million to the $1.7 billion project, which is projected to provide 1400 jobs during construction and 85 jobs when it is running [...] No lessons learned from the financial collapse of the Lane Cove Tunnel? Summary: Only days after the financial collapse of the Lane Cove Tunnel the NSW government continues to plan road tunnels. An F3-M2 tunnel under the Pennant Hills Rd, for example, was assessed by SKM in 2004 (based on 2003 construction costs and assuming a [...] Summary: Peak oil impacts in various ways on toll-ways financed by debt. As mentioned in a previous post peak oil = peak credit http://www.crudeoilpeak.com/?p=430 This means that it has become harder to re-finance or roll-over debt. Secondly, higher fuel prices reduce the paying capacity of motorists for tolls. Thirdly, a recession means fewer trips to jobs. [...] Due to lack of patronage and anger of motorists about changed traffic conditions in and around Sydney’s Cross City Tunnel a Parliamentary inquiry was set up in December 2005 http://www.parliament.nsw.gov.au/prod/PARLMENT/Committee.nsf/0/A69743663274E980CA2570C10082D5D2 to investigate contract negotiations, community consultations, the methodology used by the RTA and how Government agencies entered into private public partnership agreements. In my submission #8 I listed [...] |
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