Queensland airport link incurs costs

In Australia contractor Leighton Holdings intends to reclaim extra costs incurred for a major airport link road project in Queensland.
February 14, 2012 Read time: 1 min
In Australia contractor 2474 Leighton Holdings intends to reclaim extra costs incurred for a major airport link road project in Queensland. Leighton Holdings says that it was hit by extra costs for Brisbane Airport Link's road and tunnel project due to the state's floods and bad weather, design amendments and approval delays from access issues and authorities. The project's net forecast fell to US$457.3 million (A$430 million) loss. The project is expected to be ready by the end of June next year and is being built by 2641 BrisConnections, in which Leighton subsidiary 2642 Thiess is a component.
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