25-04-2012, 03:58 PM
indeed, the $200 million contract for signalling is a new contract while the resleepering is going to take up a major part of the $900m too since it will last until 2019. LTA should be taking around 20-40% of the total expense. Anyway they can capitalise the cost according to their license expiry which is 2028. The problem now is how are they going to raise the money? perpetual again?