Meremail

Meremail

Posted on 03/04/2010


Photo taken on February 28, 2010


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Keywords

HDR
The Magical World Of Photography
Standout Images
Worldworx
~~API~~
Tollway
Flickr Golf Club
Structure
Roof
Orange
Road
Queensland
Brisbane
Australia
Rivercity


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Tollroad Entrance

Tollroad Entrance
Brisbane tunnel group wants to raise $724m June 14th, 2006

RiverCity Motorway Group in Brisbane plans to raise up to $724 million and list on the Australian Stock Exchange to help it build Brisbane's biggest infrastructure project.

RiverCity will use the money raised to finance, design, build and operate the $2 billion-plus North-South Bypass Tunnel.

Stapled units in RiverCity will be issued at
>>>>>> $1 each, with an initial payment of 50c and a final 50c payment 12 months later. <<<<<<<<<

It is very important to note the highlighted sentence above.

Later news
Tollway shares plunge
* From: The Courier-Mail
* May 08, 2007 12:00AM
SHARES in the consortium building Brisbane's North South Bypass tollway tunnel have plunged from 50 cents last August to just 34.5 cents.

It just got worse. The bottom dropped out of so badly, the penny traders got excited, and some people bought enormous numbers of shares at a few cents each.

When the call for the 2nd payment came, these people suddenly realised that they might have to pay a $1M for shares that were worth nothing. Rivercity threatened to force the call and if people went bankrupt, too bad.

Ultimately, River city gave in except for one guy who was taking them to court.

This is a wider shot of the entrance where the road goes underground.

More shots below.

That Sinking Feeling

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