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westholme
Joined: 02 May 2006
Posts: 2628
Location: Amamoor
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 Posted: Mon Feb 26, 2007 8:28 pm Post subject: Up For Sale |
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Up for sale
Steven Wardill and Emma Chalmers
February 26, 2007 11:00pm
Article from: The Courier-Mail
http://www.news.com.au/couriermail/story/0,23739,21292506-3102,00.html
TWO of southeast Queensland's biggest road projects are being offered as a package to the private sector.
The State Government is seeking a single builder for the Airport Link tunnel and the third stage of the Northern Busway. The two projects are expected to cost more than $3 billion.
It was also revealed yesterday that Brisbane City Council planned to upgrade intersections along Kingsford Smith Drive and add lanes in a decade-long $200 million redevelopment.
Infrastructure Minister Anna Bligh said the tunnel-busway package deal would be better value, with the two side-by-side projects scheduled for completion at the same time in 2012.
"We are going to market with both of them at the same time in an effort to ensure no delays are made," she said.
The $2.5 billion Airport Link will connect with the new North-South Bypass Tunnel at Bowen Hills and go under Lutwyche Rd and along the East-West Arterial to the airport roundabout.
The tunnel will have a capacity of 95,000 vehicles a day and cut seven minutes off the peak-hour journey from Fortitude Valley to Chermside.
The winning builder will operate the tunnel for 45 years and charge about $5 for standard vehicles.
The $500 million third stage of the Northern Busway from Windsor to Kedron goes mostly under Lutwyche Rd. The two other busway sections will begin at the end of the Inner City Bypass near Royal Brisbane and Women's Hospital and go mostly along Lutwyche Rd.
Ms Bligh said the Government would contribute to the cost of the Airport Link/Northern Busway project but she would not reveal how much.
Potential bidders have been given until April 11 to express interest.
The council said more than 67,000 vehicles a day used Kingsford Smith Drive, and it would feel increasing pressure in the future with residential and commercial developments.
Council's Liberal roads chairman Graham Quirk said the area between Riverview Terrace and Links Ave could be investigated for potential widening, but there was no talk of property resumptions for now.
He said the project would be funded in council's existing budget.
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Darren E
Joined: 04 May 2006
Posts: 2075
Location: Dagun, Qld
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| Posted: Tue Feb 27, 2007 12:56 am Post subject: |
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| Quote: | | Ms Bligh said the Government would contribute to the cost of the Airport Link/Northern Busway project but she would not reveal how much |
- here's a quick guestimate...
The tunnel is supposed to have a capacity of 95,000 cars per day. I imagine that the building contractor would put a very high risk factor on achieving this capacity, especially in the early years which are the most crucial in financial calculations. But let's be optimistic and say 80,000 cars per day.
At $5 per car that is $400,000 per day, or $146 million per year. Subtract administration and overheads (10%) gives $131 million per year. There's no way anyone would take on such a project for less than 10% return, so they wouldn't want to outlay more than $1.3 billion.
Therefore I estimate the government's contribution will be greater than $1.2 billion. Probably greater than $1.5 billion when you consider all of the risk factors. In fact, I'd be surprised if any reputable building contractor would touch an "own and operate" contract on this project.
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LukeRevolution
Joined: 20 May 2006
Posts: 11
Location: Gympie (Just down from the proposed swamp)
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| Posted: Thu May 10, 2007 2:52 am Post subject: Re: Up For Sale |
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With all due respect, why has this article been posted here? This article has nothing to do with the dam. I am quite capable of reading newpapers for myself. The author of the post hasn't commented on the story or illustrated how this affects the Mary River. This forum will be ignored if it doesn't stay on topic or looks like a flea market. If it just looks like Beattie/Bligh Bashing all of the opinions expressed will be ignored.
Luke
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Darren E
Joined: 04 May 2006
Posts: 2075
Location: Dagun, Qld
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| Posted: Thu May 10, 2007 3:36 am Post subject: |
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Although it's not immediately clear in isolation, I think the post be westholme was in the context of previous discussions about how the Government would fund the cost of Traveston Crossing dam, and the possibility of a "build, own and operate" type contract with a private company.
But you make a good point Luke of trying to ensure we stay on topic as much as possible.
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"There can be no liberty for a community which lacks the means by which to detect lies" - Walter Lippman |
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