Brisbane Airport Link goes the same way as Clem 7

[csv8]

Brisconnections, the operator of Brisbane’s Airport Link tunnel, has conceded that there is ‘‘significant uncertainty’’ about the outcome of crunch talks with its bankers and will suspend its units from trading on the ASX.

In a statement released after the market closed, the troubled operator of Brisbane’s Airport Link said the board had decided today to enter into ‘‘formal negotations’’ with its lenders about ‘‘potential reconstruction options’’.

The decision took ‘‘into account that on present levels and operating costs, the enterprise value may be less than the outstanding debt’’, BrisConnections said in a short statement.

Earlier today, BrisConnections was placed in a trading halt and will not trade on the ASX until it has negotiations with its lenders.
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The troubled toll-road operator also announced the sudden departure of two of its seven directors – Andrea Harcourt and Richard Wharton – on Monday.

Earlier this month BrisConnections’ bankers appointed corporate paramedics PPB Advisory to review the toll road builder’s business. PPB is looking at ‘‘current and anticipated traffic volumes, revenue, costs, forecast liquidity and BrisConnections’ capital structure’’.

The traffic on the 6.7-kilometre toll road which connects Brisbane Airport to the central city is half what Brisconnections was projecting it to be – even without full tolls in place.

http://www.brisbanetimes.com.au/busi...112-297e5.html

[jpd80]

The traffic on the 6.7-kilometre toll road which connects Brisbane Airport to the central city is half what Brisconnections was projecting it to be – even without full tolls in place.

Throw the speed cameras away..............

[atec77]

Originally Posted by csv8

Brisconnections, the operator of Brisbane’s Airport Link tunnel, has conceded that there is ‘‘significant uncertainty’’ about the outcome of crunch talks with its bankers and will suspend its units from trading on the ASX.

In a statement released after the market closed, the troubled operator of Brisbane’s Airport Link said the board had decided today to enter into ‘‘formal negotations’’ with its lenders about ‘‘potential reconstruction options’’.

The decision took ‘‘into account that on present levels and operating costs, the enterprise value may be less than the outstanding debt’’, BrisConnections said in a short statement.

Earlier today, BrisConnections was placed in a trading halt and will not trade on the ASX until it has negotiations with its lenders.
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The troubled toll-road operator also announced the sudden departure of two of its seven directors – Andrea Harcourt and Richard Wharton – on Monday.

Earlier this month BrisConnections’ bankers appointed corporate paramedics PPB Advisory to review the toll road builder’s business. PPB is looking at ‘‘current and anticipated traffic volumes, revenue, costs, forecast liquidity and BrisConnections’ capital structure’’.

The traffic on the 6.7-kilometre toll road which connects Brisbane Airport to the central city is half what Brisconnections was projecting it to be – even without full tolls in place.

http://www.brisbanetimes.com.au/busi...112-297e5.html

No surprise there , charging for risking a dozen cctv speed cams >, not a chance , now the gps has avoid pay roads active I am certainly happier

[GhiaEB]

The more these toll roads fail the better. It will teach govco that they may have to build roads themselves instead of private business to do it for them!

[vanman_75]

as above never in THAT big of a hurry ...avoid all tolls ...having family in brisvegas , none of them use them , speed cams , toll cost ...all for 5 or ten mins ,they treat motorists as cash cows ..so what happens if they go broke ? sold off cheap / govco runs ? not like they will pull em down .

[flappist]

Originally Posted by jpd80

Throw the speed cameras away..............

Yep EXACTLY.

I will not use them as the risk is too great for any time saved.

[Peuty]

Risk? What risk? I'm not usually one to condone this line but, don't speed and you'll be ok.

I have driven and ridden through both tunnels stacks of times and guess what? Not a single ticket was issued. Unbelievable theory I know.

[nstg8a]

Originally Posted by Peuty

Risk? What risk? I'm not usually one to condone this line but, don't speed and you'll be ok.

I have driven and ridden through both tunnels stacks of times and guess what? Not a single ticket was issued. Unbelievable theory I know.

this.

i traveled through the clem7 every day when i was working two jobs.

not one single ticket, in fact i actually doubt the accuracy of the camera numbers in there, i was sometimes in quite a rush and had to risk a ticket, and ive never had one.

dumb luck? maybe...

[flappist]

Originally Posted by Peuty

Risk? What risk? I'm not usually one to condone this line but, don't speed and you'll be ok.

I have driven and ridden through both tunnels stacks of times and guess what? Not a single ticket was issued. Unbelievable theory I know.

Well if you avoid them completely not only will you NEVER get caught speeding in their variable speed zones.

The media has been full of cases where people have lost their licenses and some even hounded over riding a mobility scooter over 80km/h.

It is my personal protest and they also miss out on my toll as well.

[jpd80]

Originally Posted by flappist

Yep EXACTLY.

I will not use them as the risk is too great for any time saved.

I use them in a work vehicle but I make a point of going through at 10 kph under, never had a ticket
but now reconsidering since work now issues written warning for ANY speed violations in work vehicles.
I'm now looking at "Avoid" tolls on Garmin too, not worth the hassle and lengthy explanations...

[Lightning Strike GT]

With the variable limits from 80 to 40 in a heartbeat and if you fail to see it or inbetween the zones - GONESKI in a flash - it was huge news up here a while ago
People will not be conned into the tunnels anymore - they really do not save a lot of time

[last fairlane]

Hi there the other week I had to go from annerley to kedron
the flashing signs said seven minutes to the Brisbane hospital bowen bridge rd via the Clem 7 tunnel
this is in a truck and theres never a mention of truck prices
anyway seven a minute trip costs $9.00 not $2.00 so I used the ICB and guess what
in a fully loaded truck 22.5 tonnes it took me nine minutes
and no toll or speed cameras gee I saved two minutes
or if you use the airport link forget the $2.50 adverts try $12.00
each way no wonder they are going broke
just my 2 cents worth or should I say $20 worth

[XR Martin]

Originally Posted by vanman_75

as above never in THAT big of a hurry ...avoid all tolls ...having family in brisvegas , none of them use them , speed cams , toll cost ...all for 5 or ten mins ,they treat motorists as cash cows ..so what happens if they go broke ? sold off cheap / govco runs ? not like they will pull em down .

Govco bails them out, which means you will end up paying anyway.

[gregaust]

Also what about the traffic at the ends of the tunnel, of an afternoon, head outbound to either gympie rd or sandgate rd and sit in a traffic jam the minute you exit the tunnel :(

[aussie muscle]

Originally Posted by flappist

It is my personal protest and they also miss out on my toll as well.

Really, it is the only legitimate protest you can make about it (they won't listen if you stand out front of parliament with a big sign).

[Franco Cozzo]

Seems you Brisbanites are putting up a bit of a fight against Toll roads, in Melbourne everyone just accepts it, and its freakin' packed full of cars all the time.

[rancidpunx]

Locals here in Brisbane will use the Gateway Toll because it goes somewhere. The Clem 7 and Airport link just dump you in the inner city. Unless your actually going all the way to the airport then I cant see the point. All they have done is moved the congestion from one point to another in peak times. During the day and at night the time savings are next to nothing so again why shell out for privilege. Western Suburbs will benefit whilst getting to the airport when Legacy Way opens as it will provide a route to the airport or a northern arterial without having to enter the inner city, but everyone else already has a route to the airport, just leave 2mins earlier.
The speed cameras in the Clem 7 have caught thousands on innocent motorists. It is a classic point worth making and a finger in the eye of those of you that claim "If you dont speed, you wont get caught". Even doing 70kph wont help if the Variable speed limit changes to 40 as your approaching a speed camera. Instantly 30kph over. Those doing the correct thing and travelling at 80kph and maintaining traffic flow are now 40kph over the speed limit and can say good bye to their license. Speed cameras having nothing to do with how fast you are travelling, if the system wants to get you it will.

Its frustrating as we tax payers will pay for it one way or another. They should have spent the money on a world class metro system.

[Lightning Strike GT]

Originally Posted by Big Damo

Seems you Brisbanites are putting up a bit of a fight against Toll roads, in Melbourne everyone just accepts it, and its freakin' packed full of cars all the time.

That is because it is really just a quick to use the non toll roads
Going up the M1 there was an unusual black 4X4 next to me that went into the Clem7 and i went along and used the ICB
At the lights at the cnr of the Clem7 ICB and Lutwyche Rd the 4X4 was next to me - so there was no saving in time and i was $3.00 heavier in my wallet - it was in the day time as well

[Dusty1]

I was up there earlier this year. mr Garmin took me into the Clem7. I had no idea where I was going, just following directions to get to the hotel near the Gabba. Probably was over the speed limit at some stage, didnt get a ticket. I did find the disruption with roadworks to be horrible, but I'm suspecting that it's better now.

Work was paying for tolls, so I didn't worry about it, if I was up there again, I'd take it. From Melbourne I'm used to toll roads.

[castellan]

Originally Posted by rancidpunx

Locals here in Brisbane will use the Gateway Toll because it goes somewhere. The Clem 7 and Airport link just dump you in the inner city. Unless your actually going all the way to the airport then I cant see the point. All they have done is moved the congestion from one point to another in peak times. During the day and at night the time savings are next to nothing so again why shell out for privilege. Western Suburbs will benefit whilst getting to the airport when Legacy Way opens as it will provide a route to the airport or a northern arterial without having to enter the inner city, but everyone else already has a route to the airport, just leave 2mins earlier.
The speed cameras in the Clem 7 have caught thousands on innocent motorists. It is a classic point worth making and a finger in the eye of those of you that claim "If you dont speed, you wont get caught". Even doing 70kph wont help if the Variable speed limit changes to 40 as your approaching a speed camera. Instantly 30kph over. Those doing the correct thing and travelling at 80kph and maintaining traffic flow are now 40kph over the speed limit and can say good bye to their license. Speed cameras having nothing to do with how fast you are travelling, if the system wants to get you it will.

Its frustrating as we tax payers will pay for it one way or another. They should have spent the money on a world class metro system.

What do you mean variable speed limit changes ? is their a electric speed sign that can change the limit and then a speed camera right their to nab you as it changes directly.

[DJM83]

Having to not really use these white elephants much at all. I will often use roads that are toll free and 9 times out of 10 the trip isnt much longer.
As has been posted the Gateway actually takes you somewhere and provides (mostly) a hassle free journey.

[Smoke Pursuit]

I use them when I'm traveling from the Southside to the Northside... For me to get to Chermside its great.

Don't have a problem with the variable speed thing, been in there a few times and had to slow down.

The whole idea is staying alert. They are risky if something goes wrong so the more alert people stay the better.

[grandpa_spec_F6]

I've been through plenty of times and I think the whole things is very dangerous.

The speed signs are so damn small I spend the majority of my times with my eyes glued to the ceiling instead of the road just to make sure the buggers don't change them to 60 suddely.

I like my license...

[TheSneakiness]

My issue is the cost, not the speed cameras.

By the time I come from the Gabba to Chermside I'm out of pocket nearly $7 one way now. Stuff that, I'd rather go through the city and look round on my journey.

[jpd80]

Originally Posted by Rapid_Axe

My issue is the cost, not the speed cameras.

By the time I come from the Gabba to Chermside I'm out of pocket nearly $7 one way now. Stuff that, I'd rather go through the city and look round on my journey.

If you jump on the freeway at the 'Gabba and take the ICB, it's free and not that much longer in time.
Speaking to some work colleagues, there seems to be a growing competition on ways to beat tolls
with alternate routes at certain times, apparently in peak hours the Clem 7 and airport link just dump into congestion.
Tolls on top of congestion is a waste of time and money, avoid both as much as possible.