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Thread: ANOTHER BANKRUPT TUNNEL COMPANY

  1. 19th February 2013, 04:57 PM #1
    Bigbjorn
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    ANOTHER BANKRUPT TUNNEL COMPANY

    Well, here's another one. The Airport Link toll road and tunnel company has just filed bankruptcy. It owes more than the facility is worth and financiers have refused to assist. Usage is one third of estimates and has been steadily declining since the tolls commenced.

    politics removed...
    URSUSMAJOR
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  2. 19th February 2013, 05:59 PM #2
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    Ralph1Malph
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    On an up note.
    Tunnels are rarely filled in after being built.
    We may therefore have a free tunnel (almost).
    The next buyer will get a bargain so won't need to charge exorb tolls.

    Ralph
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  3. 19th February 2013, 06:02 PM #3
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    Pedro_The_Swift
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    just buy the thing and take the tolls off.

    wheres the money coming from?
    who cares.
    how about QLD actually BUYS some infrasctructure???
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  4. 19th February 2013, 06:07 PM #4
    sheerluck Guest
    Not unexpected. I feel a little sorry for the investors who believed the bull**** prospectus with expected traffic volumes.

    The fundamental point is that Aussies dislike paying to use roads that they feel should already be included as part of rego.
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  5. 19th February 2013, 06:18 PM #5
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    Quote Originally Posted by Ralph1Malph View Post
    The next buyer will get a bargain so won't need to charge exorb tolls.
    I'll give them a tenner for it - it's ten dollars more than what they have got by the sounds of it
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  6. 19th February 2013, 06:34 PM #6
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    Mick_Marsh
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    I used to happily use toll roads. I used the Wesgate Bridge many times.
    I would go up to the toll booth and pay the fee. Easy.
    Now I have to drive off the freeway for fifteen minutes to find a toll kiosk/ATM and that only covers me for half the road (two different companies).
    Stuff that.
    Now I avoid using these troublesome thoroughfares. I rarely have the opportunity to use them anyway.
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  7. 19th February 2013, 06:44 PM #7
    Hoges
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    I use it to go to the airport occasionally and also for testing the P38.... because so few vehicles use it and it's paved the road with sound absorbent bitumen, it's a great test track to pick up various noises especially when you drive about a metre from the wall and listen for reflected sounds...
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  8. 19th February 2013, 06:56 PM #8
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    I use both Citylink and Eastlink almost every day for work. Eastlink is great, as no one uses it much...

    Citylink over the Bolte bridge in the morning is a travesty, and they shouldn't be able to charge for that...

    I avoid them like the plague in my own vehicles...
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  9. 19th February 2013, 08:28 PM #9
    redrovertdi Guest
    I use the tunnel/s when im pressed for time only, if they were 1/2 the current price i would use them all the time, sometimes i use the gateway bridges 4x a day depending on the work and the only other option is a long way round so its not an option and i just have to pay.
    I think if they lowered the tunnel tolls they would get the volume and make money.
    Richard
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  10. 19th February 2013, 08:41 PM #10
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    wardy1
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    Quote Originally Posted by Mick_Marsh View Post
    I used to happily use toll roads. I used the Wesgate Bridge many times.
    I would go up to the toll booth and pay the fee. Easy.
    Now I have to drive off the freeway for fifteen minutes to find a toll kiosk/ATM and that only covers me for half the road (two different companies).
    Stuff that.
    Now I avoid using these troublesome thoroughfares. I rarely have the opportunity to use them anyway.
    Hey Mick,
    If you have an Etag, you can use all of the toll roads in Oz and only pay the Etag price, which is lower than the 'day use' or single use price. You only need to keep enough credit on the tag to cover your use so as an occasional user, you can top it up whenever you need to using your online banking.
    We just have to accept that these days, if we want these roads/tunnels, it is a user pays just like it is in most countries.... do you all think the famous Autobahns in Germany are free? If you want to take 3 hours to get to work in Japan, don't pay tolls, if you want to get to work in an hour, you pay.
    From my perspective, I'll pay $6-8 for Eastlink and save myself an hour of my day avoiding the tolls.
    Either pay tolls, or pay more in tax, rego or something else. Since everyone I talk to reckons that $700 is a lot to register and CTP their cars, I don't think they'd react well to having an extra $100 added for roads they don't use.
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