Pressure grows on Premier to act on CityLink tolling threat

Original article by Timna Jacks, Benjamin Preiss
The Age – Page: Online : 31-Jan-20

Victorian Premier Daniel Andrews says he could re-examine Transurban’s City Link tolling deal as a result of the West Gate Tunnel dispute. Project builders CPB Contractors and John Holland have threatened to walk away from the project if Transurban does not come up with more money to deal with contaminated soil. As part of the funding agreement for the project, Andrews agreed that tolling for CityLink would be extended for a further 10 years to 2045, with tolls to rise by 4.25 per cent each year.

CORPORATES
VICTORIA. DEPT OF PREMIER AND CABINET, TRANSURBAN GROUP LIMITED – ASX TCL, CPB CONTRACTORS PTY LTD, JOHN HOLLAND PTY LTD

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s