Dalrymple Bay Infrastructure chief executive Anthony Timbrell says the price of expanding the Queensland coal export terminal will rise significantly due to soaring construction costs as the company’s interim net profits slid 94 per cent to $6.6 million.
“We are seeing prices for major projects accelerating at a much faster rate than what you’re seeing in the broader CPI index,” Mr Timbrell said.
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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com