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Re: Airport rail goes bust
- Subject: Re: Airport rail goes bust
- From: "David Fuller" <NO-djf01-SPAM@ozemail.com.au>
- Date: Fri, 8 Dec 2000 18:10:23 +1100
- Distribution: world
- Newsgroups: aus.rail
- Organization: OzEmail Ltd, Australia
- References: <ijBV5.15$_42.2072@news0.optus.net.au>
- Reply-To: "David Fuller" <NO-djf01-SPAM@ozemail.com.au>
- Xref: bclass.spectrum.com.au aus.rail:26455
David Bromage <dbromage@fang.omni.com.au> wrote in message
news:ijBV5.15$_42.2072@news0.optus.net.au...
> Taxpayers are one step closer to owning a $900 million lemon after the
> Airport Rail Link went into receivership yesterday. Accounting firm KPMG
> announced a receiver and manager would operate Airport Link Corporation
> after it could not pay back $190 million of its $200 million loan from the
> National Australia Bank.
>
>
http://www.dailytelegraph.com.au/common/story_page/0,4511,1473875%255E3163,0
0.html
I told a friend in Canada about the financial mess and general absurdity of
trying to build an underground rail line through mud. "For $500m you could
builed a whole new airport !!!".