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Bouygues had to inject $300m to their Australian branch to cover unexpected losses
Bouygues Construction Australia has received close to $300 million from its French parent to cover the deficit in its balance sheet, reports The Sydney Morning Herald. Bouygues Construction Australia works on major infrastructures like NSW road construction and Melbourne's Metro Tunnel project with well-documented cost overruns.
Meantime metro tunnel construction continues towards the Anzac station.
https://www.trenchless-australasia.com/2020/05/12/major-metro-tunnel-construction-continues/
Anzac Station takes shape as Metro Tunnel Project work continues in Melbourne
cover tunnel photo by: Matt Brown from London, England / CC BY
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Bouygues had to inject $300m to their Australian branch Bouygues Construction Australia to cover deficit in their balance sheet.
https://www.smh.com.au/business/companies/infrastructure-giant-feels-the-heat-on-big-projects-20200512-p54s50.html
Melbourne Metro rail tunnel, WestConnex builder feels heat on big projects
www.smh.com.auExpected losses on Bouygues Australia's suite of major infrastructure projects continue to eat into its finances.