The Canberra Times reports that plans for the AUD$250M airport terminal redevelopment at Canberra are on hold indefinitely (I hate the word 'indefinitely'.)
UPDATE
I have just seen the local Canberra news on TV, and apparently the story isn't as doomsday-ish as reported in the Canberra Times (now, why doesn't that surprise me?)
It seems that the airport's plan is to delay the start of the new terminal building - for the time being - but hope to commence building before Christmas. Excellent news! Canberra desperately needs a new airport terminal.
In the same news report, airport general manager, Stephen Byron, clarifies the reason for the delay:
...now is not the time to be starting a project
when you're not sure that the debt market is going to let you finish it.
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