Wednesday, July 16, 2008


From's Tips and Rumours section
As submissions for the Eddington Inquiry into Melbourne's East West Transport close, investment banking firms are backing away from interest in a long road tunnel. With petrol prices continuing to rise and an Emissions Trading Scheme almost certain to include transport the numbers stopped stacking up -- especially now that federal funds are more likely to support the public transport option. Hence the backers of the tunnel including the RACV (in a major attempt to save face) are spinning their support for the rail tunnel as the first priority.
I'm wondering if there will now be more support, seeing how petrol is being excluded from the Emissions Trading Scheme

No comments: