East West Connect to deliver Australian toll road

East West Connect consortium has signed a contract with the Victorian government to deliver the US$6.99 billion (AUD 8 billion) East West Link toll road in Australia. The $4.62 billion (AUD 5.3 billion) partnership was agreed after the High Court rejected an application for an injunction to defer the deal. The project's winning design incorporates two 4.4km three-lane tunnels between CityLink and Hoddle Street. The consortium, which includes Lend Lease, Acciona, Capella Capital and Bouygues, has spent some
October 2, 2014 Read time: 1 min
East West Connect consortium has signed a contract with the Victorian government to deliver the US$6.99 billion (AUD 8 billion) East West Link toll road in Australia. The $4.62 billion (AUD 5.3 billion) partnership was agreed after the High Court rejected an application for an injunction to defer the deal. The project's winning design incorporates two 4.4km three-lane tunnels between CityLink and Hoddle Street. The consortium, which includes Lend Lease, 976 Acciona, Capella Capital and 979 Bouygues, has spent some $34.93 million (AUD 40 million) on the project to date. The contracts also include a $436.69 million (AUD 500 million) kill fee to protect it from sovereign risk.

Highway & Network Management

For more information on companies in this article

Related Content

  • Australian highway works in Queensland and NSW
    June 3, 2022
    Highway works in Australia’s Queensland and NSW states.
    Read More
  • Australian key link
    March 5, 2012
    Work is progressing according to plan on a key section of the Pacific Highway upgrade project in New South Wales (NSW) Australia.
    Read More
  • Road transport key to Africa's trade links
    February 17, 2012
    Road transport is the key to improving Africa's links within its own territory, and further afield as Patrick Smith reports. Development of road transportation is the key to the future of the African economy, and countries on the continent are making great strides. According to a report by a transport infrastructure expert at the New Partnership for Africa's Development (NEPAD), within the next 15 years the value of trade in Africa could reach US$250 billion if a $32 billion investment is made to integrate
    Read More
  • Indonesia toll road concession pact to be signed in December 2012
    August 29, 2012
    The Toll Road Regulator Agency (TRRA) for Indonesia plans to seal the concession agreement for six Jakarta city toll roads in December 2012, three months later than expected. TRRA officers are said to be studying the proposal documents submitted by Jakarta Tollroad Development. The investment for the project has increased from US$4.21 billion (IDR 40trn) to between IDR42trn-IDR43trn, according to TRRA head, Achmad Gani Gazaly.
    Read More

Highlighted Content