Transurban may come under a bit of Pressure.
The West Gate Tunnel was supposed to be finished next year, but due to a bit of argy bargy between Trans urban and its subcontractors, not only will it not be done by then, TCL are unwilling to give a date when it will.
The project is at least 3.5 billion over budget (some say its 5 billion over), with the liklihood that it will go higher.
The tunnelling machines supposed to start under ground boring in 2019 are still sitting idle.
Can't see it getting underway any time soon.
The good news is that Ghengis Dan allowed TCL to keep increasing the Tolls on the existing roads by 4,5% a year, so that according to deloittes, TCL will pick up a cool 37.5 bill over and above its existing incomes.
The Bad news is that under the current climate, there is no way that Ghengis dan will come to the party and have Vic taxpayers chip in for the cost overun.
The other Bad news is that if Ghengis Dan were to suffer the unfortunate fate of losing the next election, the Libs will be determined to blame whatever they can on the labour government, and most likely bring in regulation to curtail some of its activities.
Despite bleating about soverign risk etc when Labour cancelled one of their pet projects and paid out 1 billion to the contractors, they would have no hesitation in promising the vic public they would rip up the TCL contracts if they thought it would help electorally.
Not sure if I want any of my money in this once generous cash cow.
Mick