TSE 5.50% $1.06 transfield services limited

tcl suing...tse could come under pressure this

  1. 5,354 Posts.
    lightbulb Created with Sketch. 21
    0843 [Dow Jones] Transurban (TCL.AU) in focus after AFR reports company suing the builders its A$500 million Melbourne Burnley tunnel. Citing documents filed with the Victorian Supreme Court, report says after investigating tunnel's structure last year, Transurban found that Transfield (TSE.AU) and partner Obayashi failed to properly design or construct the tunnel, claiming tunnel unlikely to last 100 year lifespan because walls are too thin. "It's a repair cost recovery issue, not an unsafe tunnel issue," report quotes TCL spokesman as saying. "Our contract provides for a full indemnity for any loss or damage and we filed the writ to protect security holders' interests." (LMF
 
watchlist Created with Sketch. Add TSE (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.