The Australian:
DOWNER EDI has foreshadowed more delays and cost overruns for the Waratah Train contract tendered by the NSW government.
The engineering group's shares were placed in a trading halt ahead of announcement by the company about the contract.
The company said the announcement will be in relation to a delay to presenting the first train set to NSW for practical completion, production delays to subsequent trains sets due to asbestos contamination at a factory, and "manufacturing production schedule and project costs".
Downer also said it would outline its manufacturing production schedule and project costs.
It expects to make an announcement by Thursday morning.
The Australian:DOWNER EDI has foreshadowed more delays and cost...
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