Was John Holland pushed, or did they jump off this train wreck
Did the government cut the bidders out of the action, or did they run?
A few weeks ago it was reported that “The race to build the $8 billion East West Link tunnel in Melbourne looks to be down to two bidders after the government cut a consortium led by the Bank of Tokyo-Mitsubishi UFJ and Leighton Holdings.”
In June, The Australian reported “The decision is a setback for Leighton’s John Holland business and comes after Leighton said earlier this month it was considering divesting some of its businesses as it focused on strengthening its balance sheet.”
Also in June, The Age reported ‘Leighton to be reimbursed up to $12m for failed East West Link bid’
In The Age today, a very different picture is painted in the story.
