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Home›News›Exposed: $500m bill for dredging
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January 28, 2008 · about 18 years ago

Exposed: $500m bill for dredging

The Dutch company that will dredge Port Phillip Bay’s shipping channels says it will reap half a billion dollars for its work. After repeated refusals by the Brumby Government to disclose how much it will pay to have the dredging done, the company has blown the whistle by telling a European stock ex

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The Dutch company that will dredge Port Phillip Bay’s shipping channels says it will reap half a billion dollars for its work.

After repeated refusals by the Brumby Government to disclose how much it will pay to have the dredging done, the company has blown the whistle by telling a European stock exchange it will receive ‘approximately 300 million euros’ — or $500 million.

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