Mitsubishi cuts Oakajee port project

Supporters of the Oakajee Port & Rail project were insisting today the ambitious development was not dead, after its owner Mitsubishi cut spending and two thirds of its staff were abolished.


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I presume in their annual reports they have some form of asterisk saying that even though they have mooted these developments they reserve the right to put them on hold and this must be taken into account when purchasing their shares? Otherwise could someone give me the names of their attorneys. might have to contact them.....

It is time to say get rid of this nonsense, the millions spent to date are waste second to none, but let’s not waste more. We need to change not only the Premiere but the WA Minister of Transport, Major review of ports management skills and especially the makeup of the directors are way overdue. The last port review was a sham that cannot be taken seriously Jupiter- just one more bluff by the same player, build up the image sell the company and then say oh sorry

Perth City
Wonder if someone should have considered reducing the spend on the project and staff numbers months ago? $700 million is a lot of feasability reports, must be some very happy consultants around town...

This is actually an example of: 1. A consortium of companies with different agendas and financing constraints; and 2. A state government that gets too involved in determining who can do these projects and where.

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