reservations, page-5

Glowing article in the financial review today stating that the tunnel is a success and the traffic numbers are above the forecasts unlike some recent toll roads.

I went through the tunnel 4 times on the weekend and 3 of the journeys were very slow held up by accidents or broken down cars. So, it seems they are having some bad luck. I have had a good look at the traffic flowing on the entrances and exits and I don't think there is an issue there. Seems to work reasonably well when there are no accidents etc. It can only improve when Bris Connections motorway links in.

However, yesterdays numbers are too low for me. I expected something in the high 80K when it's free and probably around the 50000 mark for the first full tolling month (given it'll have ramped up for two months). Seems unlikely this will happen given the numbers when it's free. Additionally within 18 months they need to get 70K per day to pay their interest bill or draw down from their loans to pay their interest bill. I know they have til 2012 to get the numbers up but it seems too high risk. So, I sold the lot.