Re: [NSW]SRA billed $15m for airport link's shortfalls

["Tezza" <tezza2000@dingoblue.net.au>]

"Maurie Daly" <mauried@tpg.com.au> wrote in message
3a1881e0.12681712@can-news.tpg.com.au">news:3a1881e0.12681712@can-news.tpg.com.au...

> The Airport Line is a privately funded project ,costing $900 M.
> The fare will be based on getting a fair commercial return on the
> capital invested,not on what other forms of transport cost.
> If the Company has got its passenger estimates grossly wrong then they
> will simply go broke,unless there are contractual obligations on the
> part of the Govt to bail them out.
> Its also worth noting that projects of this size are usually financed
> by overseae institutions and that the loans are written in $USD,so
> that the low $AUD will if anything drive the fares up,not down.

I don't think even those morons would be stupid enough to try that on.