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The New South Wales Government says a project to build Sydney's next generation of trains will not be affected by the financial troubles of the engineering company in charge of the contract.
Downer EDI is running the project to build and maintain Sydney's millennium train carriages, but yesterday its managing director was forced to step down after the company issued its third profit warning in a year.
The NSW opposition transport spokeswoman, Gladys Berejiklian, says the company's financial woes could threaten the progress of the $8 billion train project.
"At the end of the day its the Labor Party's obligation in New South Wales to ensure that all its relationships with its third parties - whether they're private sector operators whether they're other government agencies - deliver their projects on time, and that the commuters of New South Wales and the tax payers of New South Wales get value for money," she said.
But the Transport Minister, John Watkins, says EDI is part of a consortium that includes major international companies and the progress of the project is not under threat.
"There is no suggestion in the profit downgrade for Downer EDI that will impact on the delivery of the 626 new rail carriages," he said.
Mr Watkins says there was an extensive tender process for the contract, and the government has kept the public informed about its every aspect.
Fri Aug 3, 2007 10:03am AEST
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