I52 Transport Support Services

Wife who watched husband plunge to his death wins $2.6m

roymorgansocial Leave a comment

Original article by
The Sydney Morning Herald – Page: 2 : 31-Oct-14

The Supreme Court of New South Wales has ruled that the City of Sydney and the Carlton Crest Hotel must pay more than $A2.6m in damages over the death of a motorist. The deceased hit a metal barrier while reversing his car in a multi-storey car park, falling to his death. The court found that both defendants were negligent in allowing the car park to be used when it did not comply with safety standards

CORPORATES
SUPREME COURT OF NEW SOUTH WALES, CARLTON CREST HOTEL, CITY OF SYDNEY

$900m cost of crash claims

roymorgansocial Leave a comment

Original article by Gabrielle Knowles, Alex Massey
The West Australian – Page: 3 : 27-Oct-14

The Insurance Commission of Western Australia’s deputy CEO Lew Watts notes that cyclists, motorbike riders and pedestrians accounted for about 16 per cent of claims made under its compulsory third party polices in the last four years. These payouts exceeded $A900m over the period, and Lew adds that 35 per cent of claims made for catastrophic injuries were by "vulnerable"
road users. The average cost of each claim was $A5.9m

CORPORATES
INSURANCE COMMISSION OF WESTERN AUSTRALIA, WESTERN AUSTRALIA. ROAD SAFETY COUNCIL, WESTERN AUSTRALIA. OFFICE OF ROAD SAFETY, WESTERN AUSTRALIAN POLICE SERVICE

Abertis slams Transurban approval for Qld toll road

roymorgansocial Leave a comment

Original article by Jenny Wiggins
The Australian Financial Review – Page: 25 & 32 : 16-Oct-14

Toll roads operator Transurban in April 2014 paid $A7.05bn to acquire the Queensland Motorways business from state enterprise QIC. It had formed an alliance with AustralianSuper and the Tawreed Investments sovereign wealth fund of Abu Dhabi, and won out over a consortium of Hastings Funds Management and Spanish group Abertis. The latter’s CEO, Francisco Reynes, now says he was surprised that Transurban gained approval from the Australian Competition & Consumer Commission. He also believes the company should focus more on overseas toll road assets

CORPORATES
TRANSURBAN GROUP LIMITED – ASX TCL, QUEENSLAND MOTORWAYS LIMITED, ABERTIS INFRAESTRUCTURAS SA, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIANSUPER PTY LTD, TAWREED INVESTMENTS LIMITED, QIC LIMITED, HASTINGS FUNDS MANAGEMENT LIMITED, STANDARD AND POOR’S (AUSTRALIA) PTY LTD

Borghetti urges easing of airport caps

roymorgansocial Leave a comment

Original article by Steve Creedy
The Australian – Page: 19 : 7-Oct-14

There is currently an upper limit of 80 take-offs and landings per hour at Sydney Airport, which the Federal Government has said it will not amend. However John Borghetti, CEO of carrier Virgin Australia, says the accompanying cap of 20 movements for each quarter of an hour means that even the figure of 80 is rarely reached. He argues that during normal working hours the total could be boosted to 90 without any adverse impact on residents, and a recent study for the New South Wales and Federal Governments also advocated a lift to 85

CORPORATES
SYDNEY AIRPORT – ASX SYD, VIRGIN AUSTRALIA HOLDINGS LIMITED – ASX VAH, AUSTRALIA. DEPT OF INFRASTRUCTURE AND REGIONAL DEVELOPMENT, TIGER AIRWAYS AUSTRALIA PTY LTD

Transurban signs $850m deal to widen CityLink

roymorgansocial Leave a comment

Original article by Michael Roddan
The Australian – Page: 19 : 7-Oct-14

Scott Charlton, CEO of toll road operator Transurban, has announced a new deal worth $A850m with the Victorian Government. Traffic capacity will be lifted 30% via extra lanes on the Tullamarine Freeway portion of Transurban’s CityLink. There will be a moratorium on toll increases during the construction phase between October 2015 and the start of 2018, to be followed by a rise of 4.5% or the CPI

CORPORATES
TRANSURBAN GROUP LIMITED – ASX TCL, TRANSURBAN CITY LINK LIMITED, HILLS MOTORWAY GROUP LIMITED

$145m loss if East West contract is delayed

roymorgansocial Leave a comment

Original article by Jane Lee, Mark Hawthorn, Clay Lucas
The Age – Page: 8 : 25-Sep-14

The Victorian Court of Appeal heard that delaying the signing of contracts could cost the East West Link toll road project EUR100 million ($A145 million). The contracts have to be signed by 1 October 2014 to avoid a loss from foreign exchange risks. A Brunswick resident is trying to prevent the signing of contracts until his appeal can be reheard. The Victorian Government agreed not to sign contracts before the court’s decision on 29 September

CORPORATES
COURT OF APPEAL (VICTORIA), EAST WEST CONNECT PTY LTD, AUSTRALIAN LABOR PARTY, VICTORIA. LINKING MELBOURNE AUTHORITY, VICTORIA. DEPT OF TRANSPORT, PLANNING AND LOCAL INFRASTRUCTURE, SUPREME COURT OF VICTORIA, MORELAND CITY COUNCIL, YARRA CITY COUNCIL

Road contract invalid if councils win court case

roymorgansocial Leave a comment

Original article by Henrietta Cook
The Age – Page: 5 : 11-Sep-14

The Moreland and Yarra councils have launched legal action against Victorian Planning Minister Matthew Guy. The councils want the Supreme Court to review his approval of the East West Link. The Australian Labor Party claims that if the court rules that the approval is invalid, any contract signed by the State Government will be deemed to be "unenforceable"

CORPORATES
MORELAND CITY COUNCIL, YARRA CITY COUNCIL, VICTORIA. DEPT OF TRANSPORT, PLANNING AND LOCAL INFRASTRUCTURE, SUPREME COURT OF VICTORIA, FEDERAL COURT OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Road contract invalid if councils win court case

roymorgansocial Leave a comment

Original article by Henrietta Cook
The Age – Page: 5 : 11-Sep-14

The Moreland and Yarra councils have launched legal action against Victorian Planning Minister Matthew Guy. The councils want the Supreme Court to review his approval of the East West Link. The Australian Labor Party claims that if the court rules that the approval is invalid, any contract signed by the State Government will be deemed to be "unenforceable"

CORPORATES
MORELAND CITY COUNCIL, YARRA CITY COUNCIL, VICTORIA. DEPT OF TRANSPORT, PLANNING AND LOCAL INFRASTRUCTURE, SUPREME COURT OF VICTORIA, FEDERAL COURT OF AUSTRALIA, AUSTRALIAN LABOR PARTY

Brambles invests $556m in UK firm

roymorgansocial Leave a comment

Original article by Richard Gluyas
The Australian – Page: 26 : 10-Sep-14

Australian-listed logistics group Brambles has increased its presence in the UK with the acquisition of Ferguson Group for Stg320m ($A556m). Ferguson specialises in the supply of shipping containers to the offshore oil and gas sector, and boasted revenue of Stg56m and EBITDA of Stg30m in 2013. The acquisition will be funded entirely via debt

CORPORATES
BRAMBLES LIMITED – ASX BXB, FERGUSON GROUP LIMITED

Dredge waste to go onshore

roymorgansocial Leave a comment

Original article by Mark Ludlow
The Australian Financial Review – Page: 11 : 9-Sep-14

The Queensland Government has signed an agreement with Indian companies Adani and GVK for the use of an onshore site for dredge waste. The land was formerly owned by BHP Billiton. The construction of the Abbot Point coal terminal is expected to involve the disposal of three million cubic metres of dredge waste at the site. Initially, the companies planned to dump the waste in the waters of the Great Barrier Reef area

CORPORATES
ADANI ENTERPRISES LIMITED, GVK INDUSTRIES LIMITED, BHP BILLITON LIMITED – ASX BHP, NORTH QUEENSLAND BULK PORTS CORPORATION LIMITED, QUEENSLAND RESOURCES COUNCIL LIMITED, AUSTRALIA. DEPT OF THE ENVIRONMENT, GREAT BARRIER REEF MARINE PARK AUTHORITY