Commonwealth Bank: Lend Lease says earnings not impacted by East West Link decision. Emily Guterres 16 Apr 2015
Property and infrastructure firm Lend Lease (ASX:LLC) is not expecting a decision by the Victorian Government not to proceed with the East West Link to have a material impact on its earnings in the current financial year.
The state government yesterday signed an agreement with the East West Link consortium, which included Lend Lease, Capella Capital, Bouygues and Acciona, to end the project, with a total of $339m already paid to the consortium for the bid process, design and pre-construction costs.
