Business Services Industry
Transurban counts lost contract's costs.(Transurban City Link Ltd.)(Brief Article)
Australasian Business Intelligence, February, 2005 by Foley, Brett
Feb 23, 2005 (The Australian Financial Review - ABIX via COMTEX)
Australian tollroads operator Transurban lost $A42.1 million in the 2004-05 first half. A surprisingly high $A9.4 million loss was attributed to the group's failed bid to win the contract to build and operate the $A2.5 billion Mitcham-Frankston tollway link in Melbourne. That contract went to ConnectEast, a consortium backed by Macquarie Bank. Transurban CEO Kim Edwards remains confident of successfully merging the group with Hills Motorway. He also flagged the company is "very keen" to exploit the booming Queensland economy.
Publication Date: 24 February 2005
TRANSURBAN GROUP LIMITED - ASX TCL:
CONNECTEAST GROUP - ASX CEU:
MACQUARIE BANK LIMITED - ASX MBL:...
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