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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 just $275 m for a project which costs $550 m to build. Where will the other $275 m come from? Transurban already sits on [...]