Exhibit 6.7 Key Results of Using PPPs to Deliver International Transit Projects | |||||
PPP Project | PPP Type | Timeframe | Cost | Economic Development | Other |
Completed on schedule | Not available | Not available | Required A$704 million government bailout after project was placed in receivership in November 2000, six months after opening. This resulted from ridership levels of only one-quarter what was projected for the facility. The low ridership levels for the Sydney Airport Link were exacerbated by competition from another PPP project, the Eastern Distributor highway which runs parallel to the Link. | ||
Completed on schedule | Not available | Not available | Ridership far below estimates, sharply reducing credit rating for concessionaire. Government will take over the facility after 5 years of 35-year operating concession. | ||