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View story 1 0 Debt reprieve for troubled tunnel.Australia http://business.smh.com.au/business/debt-reprieve-for-troubl... Submitted by anxora 6 months, 3 weeks, 6 hours ago THE operator of the Lane Cove Tunnel is expected to be given another reprieve this month from the financial guarantor of its $1.14 billion of debt, despite reporting another fall in traffic figures and recently posting a $900 million full-year loss. Connector Motorways is expected to be given its fourth stay of execution from the guarantor of the road's bond facilities, MBIA Insurance Corp, which will provide more time for a possible recapitalisation of the road. Tags: lane cove tunnel, traffic, debt comment (1) | Category: Australia | Add anxora as a source Comments Votes (my sources) Votes (Everyone) #1 - By insurance, 6 months, 2 days, 13 hours ago. Sign in Email: Password: Sure to have sort time to get average 70,711 trips Reply to insurance Add your comment Add your comment If you already have an account, sign in: Email address: Password: If you don't, just complete these fields: (or join PUBLIC PRIVATE PARTNERSHIP NEWS AGGREGATOR for free) Your name: Your site: (optional) Your comment: (You have up to 5000 characters left) Can you see the 5 most prominent letters/numbers in this image? (case insensitive) Please enter them here: « go back

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