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Old 17th Nov 2022, 13:38
  #2189 (permalink)  
LTNman
 
Join Date: Jul 2002
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Forgot to mention these.

LRT should not be allowed to borrow money from the Council. One of the reasons the Council finances are in a state is that LRT could not pay the interest payments on its Council loans after the Council in turn borrowed the money themselves. This resulted in the Council lending LRT more money to cover the interest payments.

LRT should also not be an airport developer but remain just the collector of rents and concession fess so remaining zero risk. That was the role of the airport operator and would have insulated LRT from risk.

Too late now but LRT should not be a rail operator. The fact that LLAOL would not put any money into the project should have acted as a warning.

Last edited by LTNman; 17th Nov 2022 at 17:46.
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