interesting, page-51

Hi thermionic,

Yes, Geoff Knox explains it all to the banks and investors in this webcast: Wednesday, 2 June 2010. here

Well worth listening to. But make sure you have a spare hour and listen to it all. Particularly, when Geoff explains how the Waratah was originally designed and quoted to be 80 per cent based on the Millennium model but the NSW gov required them to make an entirely new train (19,000 changes) due the the Waterfall rail accident inquiry and recommendations. Also, listen to Macquarie's reaction in question time when Geoff explains that Downer is not liable for the reliance rail cost overrun.

cheers...