Clem 7 Tunnel Farce – Just Like the NBN

OK, so Brisbane needs better traffic systems. But this absurdly expensive, oversold, poorly researched, underused tunnel? The Clem 7 tunnel would never have been built if actual costsĀ and usage had been known beforehand. RiverCity is carrying $1.3 billion in debt and wrote down its $1.56 billion of assets to $258 million at June 30 last …

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