February 2002 News | QuickLoans.com.au

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Quick Loans News

A History Of Collapsed Deals And Defaulted Loans

Wednesday February 27, 2002

In the mid-1990s, about 15 years after the first leg of the long delayed eastern suburbs railways opened, the State Government outlined plans for a $260 million extension to Bondi Beach. Macquarie Bank and Lend Lease were tapped as the preferred tenderer, and negotiations had begun, but the plan collapsed. All involved signed secrecy clauses so the reasons were hushed.

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