Dan’s dodgy West Gate Tunnel in “chaos” as builder walks

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Chaos has engulfed Daniel Andrew’s $6.7 billion West Gate Tunnel project after its builders gave notice overnight that they intend to terminate their contract with Transurban over the disposal of contaminated soil found at the construction site:

Transurban notified the ASX on Wednesday morning that it had received a letter from builders CPB and John Holland, advising the company that the building consortium intended to terminate the contract on the basis of a “force majeure event” — namely the “presence, classification and disposal” of polyfluorinated alkyl substances, otherwise known as PFAS firefighting foam within the project site.

“Transurban has advised the CPBJH joint venture that Transurban does not consider the D & C subcontract has been validly terminated and, as such, the contract remains valid,” the toll company said in its ASX statement…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.